Category: Ecology

Primera Gold, the joint venture between the DRC and the UAE, achieved a record export of 225,861 kg of gold to the United Arab Emirates in October 2023. These exports demonstrate Primera Gold's success in the artisanal gold sector and highlight the potential of the DRC as a gold producer. The company has set up a banking system to combat mining fraud and contribute to the economic development of the country. This performance strengthens investor confidence and opens new perspectives for artisanal mining in the DRC.

Reconstruction and development work on the N'djili communal house, as well as Place Sainte-Thérèse, is underway in Kinshasa. The project, with a total cost of $15.3 million, aims to modernize the town and improve the quality of life of residents. The town hall will include infrastructure such as a police station, a library, a cafeteria and public toilets. Place Sainte-Thérèse will have sports fields, training rooms and a security post. This work is part of the “Kin-Elenda” program which benefits from the active partnership between the World Bank and the Democratic Republic of Congo. This project demonstrates the Congolese government's commitment to developing and modernizing urban infrastructure for the well-being of citizens.

The Democratic Republic of Congo recorded a record collection of public revenue in October 2023. The country's financial authorities mobilized a total amount of 553.8 billion Congolese Francs, including 258.2 billion from the General Directorate. taxes. The other financial authorities also contributed significantly. Public spending was controlled, with an execution rate of 38%. This performance demonstrates the improvement of the country's financial management, but additional efforts are necessary to maintain this dynamic, strengthen transparency and fight corruption. This will ensure efficient use of public funds and ensure the sustainable development of the DRC.

The Congress of African Economists (CAE) is a major event taking place in December 2023 in Lusaka, Zambia. The objective of this congress is to find solutions to finance the development of Africa beyond the crises. Topics for discussion include illicit financial flows, debt, mobilizing private sector finance and innovation mechanisms for development. The CAE will also address issues linked to the Covid-19 pandemic, conflicts and climate change. The results of this congress are used in the development of economic policies and strengthen the authority of the African Union Commission in regional debates. It also contributes to strengthening economic skills in Africa. The CAE offers a unique opportunity to mobilize African economists and find solutions to foster inclusive and sustainable growth on the continent.

The Minister of Finance of the DRC, Nicolas Kazadi, launches the work of the fifth review of the program with the IMF. This review will assess the country's fiscal and monetary performance, as well as review the agreed reforms. The successful conclusion of this review would represent a major step forward for the DRC in terms of credibility and would strengthen efforts towards development. The government is called upon to ensure the completion of the review despite current challenges, to further enhance the credibility of the DRC on the international scene.

The government of the Democratic Republic of Congo reassures the population of the continuity of supply of petroleum products despite the challenges encountered. Discussions are underway with oil tankers to guarantee supplies and renew stocks. The government is also putting in place measures to combat fraud, increase import volumes and optimize logistics. The objective is to preserve price stability and avoid any disruption in the supply of fuel to the population.

National deputies in the Democratic Republic of Congo have voted in favor of adopting a bill allowing the ratification of a financing agreement for the construction of the Kinshasa Financial Center. This agreement, concluded between the DRC and the Trade & Development Bank, provides financing of $127.5 million. The objective of this project is to bring together the country's financial entities in order to optimize the management of public finances. After its adoption at first reading in the National Assembly, the bill will be sent to the Senate for a second reading. This decision demonstrates the DRC's desire to strengthen its financial sector and modernize its infrastructure. If everything goes as planned, the Kinshasa Financial Center could become a symbol of the country's economic and financial growth.

The Democratic Republic of Congo has inaugurated a new customs post in Kasumbalesa in its fight against customs fraud. The modern building includes all the necessary infrastructure for customs operations. This project was made possible thanks to a public-private partnership between the DGDA and TRAFIGO SARL, which contributed to a significant increase in customs revenue. The results have been impressive, with a 700-1,000% increase in customs revenue in the first year. This project also highlights female entrepreneurship in the DRC, with Magalie Kayitesa Raway at the head of TRAFIGO SARL.

The Government of the Democratic Republic of Congo reassures the population about the stability of fuel supplies. Discussions took place with players in the oil sector and banks to find solutions to the State's debt problems towards oil companies. The Prime Minister is committed to supporting these discussions to ensure payment of debts and avoid any disruption in fuel supplies. Despite the concerns expressed by oil companies, the Government affirms its commitment to a stable supply of fuels to support the economy and the well-being of the population.