Category: Ecology

The draft Finance Law 2024 in the Democratic Republic of Congo was tabled before the National Assembly with an increase of 24.7% compared to the previous year. The total budget amounts to 40,463 billion Congolese Francs. The government’s priorities include the defense sector, education, health and the diversification of the Congolese economy. Investments are also planned in infrastructure and scientific research. This deposit demonstrates the government’s commitment to meeting the needs of the Congolese population through responsible budgetary policies.

The airline Congo Airways is forced to cease operations due to a lack of funds for the maintenance of its fleet. This situation has a significant impact on air transport in the Democratic Republic of Congo, hindering the economic and social development of the country. The company is asking the government for $32 million to revive its activities. The urgency of a solution is underlined by officials, with calls for rapid government intervention to save Congo Airways. The meeting between the Congolese Prime Minister and the company’s managers demonstrates the desire to find a solution quickly. To ensure the country’s development, it is crucial to support national airlines and provide them with the necessary resources.

The Katanga Business Meeting forum, which was recently held in the Democratic Republic of Congo, brought together the country’s economic operators. Among them, Tenke Fungurume Mining (TFM) stood out for its high-level participation and commitment to local communities. During the event, the crucial role of the mining sector in economic development was highlighted. TFM presented its actions in favor of sustainable and equitable development, such as the redistribution of profits from its activities and the promotion of local content. The mining company was also recognized for its compliance with ESG requirements and commitment to social responsibility. In conclusion, the Katanga Business Meeting was an opportunity to discuss strategies aimed at unlocking the economic potential of the DRC, with TFM as an example of excellence.

Since its suspension on September 11, 2023, Congo Airways, the national aviation company of the Democratic Republic of Congo, has requested financial support from the government to resume its activities. The cessation of activities of the company has a major impact on air transport in the country, with consequences on connections between major cities. Malicious individuals have also hindered the development of the company since its creation. The Congolese government is, however, committed to supporting Congo Airways to resolve its financial problems and restore its activities, with a view to the next general elections scheduled for December 2023. The resumption of Congo Airways is therefore crucial to restore national pride and ensure the mobility of Congolese.

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The Congolese government held a meeting with IMF experts to prepare the fifth review of the Economic Program signed between the DRC and the International Monetary Fund. This meeting highlights the progress made so far, but also highlights persistent challenges, such as the depreciation of the national currency. The DRC is seeking advice and expertise to stabilize its economy and secure a prosperous future for the country.

The National Aviation Company Congo Airways is facing an interruption of its activities, which has led the government to take urgent measures to revive the company. The Minister of Transport and the Prime Minister are committed to finding solutions to ensure the sustainability and safety of the company. It is planned to acquire two rental aircraft in order to guarantee business continuity. This situation underlines the importance of Congo Airways in opening up the country and in economic development. The government is doing everything it can to resolve this crisis and allow the company to resume its activities as quickly as possible.

The recent visit of an International Monetary Fund (IMF) delegation to the Democratic Republic of Congo (DRC) revealed encouraging progress made by the government under the IMF-supported program. Under the leadership of Prime Minister Jean-Michel Sama Lukonde, the DRC has been praised for its efforts in economic reforms, the fight against corruption and improved governance. This visit demonstrates the importance given by the international community to the country’s economic development and the IMF’s commitment to supporting the DRC in this direction. Close cooperation between the Congolese authorities and the IMF is essential to ensure the country’s economic stability and sustainable development.

The President of the Democratic Republic of Congo, Félix Antoine Tshisekedi, launched free maternity and newborn care in Kinshasa, an essential measure for universal health coverage in the country. This initiative aims to reduce maternal and infant mortality, which is alarming in the DRC. By providing free access to medical care for pregnant women and newborns, the government is removing one of the main barriers to accessing health care. This measure is also accompanied by a commitment to health providers, in order to strengthen the living and working conditions of these professionals. Planned to be gradually extended to other provinces, this program will help improve the health and well-being of the Congolese population.

The Kinshasa Financial Center, the result of cooperation between the DRC and Turkey, will be inaugurated on December 2, 2023. The $290 million project includes the construction of 6 buildings, including a luxury hotel, a 3,000 m2 fountain , the largest in Central Africa, a conference hall and office buildings. The site, currently employing 3,000 people, plans to provide more than 5,000 jobs once completed. The infrastructure will belong to the DRC and the management of the hotel will be ensured by Milvest for 49 years. This project marks an important step in the economic development of the DRC and strengthens ties with Turkey.