Category: Economy

Home Economy
Post

“Dr. Denis Mukwege: A hope for the Democratic Republic of Congo and a candidate for the supreme office”

Dr. Denis Mukwege, famous gynecologist and Nobel Peace Prize winner, officially launches his electoral campaign in the Democratic Republic of Congo. His commitment to peace, justice and the fight against impunity makes him a hope for the country. It emphasizes the end of war, security, the eradication of hunger and the restoration of justice. The massive mobilization at the launch of his campaign shows that the Congolese people trust him to bring about the expected change. The December 2023 elections will be decisive for the future of Congolese democracy.

Post

Rising food prices in Kinshasa: a challenge for Congolese households

The rise in food prices in Kinshasa, particularly “Bilbil” beans from Goma, has a direct impact on household budgets. Multiplication of taxes and depreciation of the Congolese franc against the American dollar are partly responsible for this increase. Other essential products are also seeing their prices increase, undermining the purchasing power of already weakened households. Measures are necessary to stabilize prices and protect the most vulnerable population in the face of this worrying situation.

Post

Revelations on the Management of Development Funds in Muanda: Truth or Financial Scandal?

In an article entitled "Fatshimetrie: Revelation on the Foundations of the Management of Development Funds in Muanda", a financial scandal shakes the Kongo Central region while 10 million dollars intended for development projects arouses controversy. Between accusations of mismanagement on the part of LICOCO and revelations on the use of funds by the CGFM, tensions emerge regarding the origins and allocation of these sums. It is imperative to clarify the situation to ensure transparent and efficient management of resources allocated to the development of Muanda.

Post

Fatshimetry: Promising economic prospects for Egypt in 2024/2025 – A Bright Future in Sight

Egypt is heading towards an encouraging economic period for the year 2024/2025, according to a report from the Cabinet Media Center. The measures taken by the government aim to strengthen the economy by improving financial plans and promoting investment. IMF and World Bank forecasts point to rising economic growth, reduced inflation and public debt, as well as increased revenues from the Suez Canal and merchandise exports. These optimistic prospects suggest a bright economic future for Egypt.

Post

Inauguration of the ANOH gas processing plant in Nigeria: a major turning point for national energy

The inauguration of the ANOH gas processing plant in 2023 in Nigeria marks a major turning point in the country's energy sector. This virtual event, orchestrated by the president, highlights the strategic importance of the project developed by ANOH Gas Processing Plant. This joint venture, owned by Seplat Energy and the Nigerian Gas Infrastructure Company, reflects the commitment and professionalism of the teams involved. The President commended efforts to advance Nigeria’s energy agenda. The project contributes to the development of the country's gas resources, the reduction of gas flaring and the promotion of industrialization. It is the first in a series of initiatives aimed at ensuring a sustainable energy supply, promoting economic growth and job creation. This inauguration marks a crucial step in Nigeria's quest to strengthen its energy infrastructure and ensure a reliable and sustainable energy supply for its citizens.

Post

Agricultural development in the Democratic Republic of Congo: a sustainable future within reach

Summary :

The Democratic Republic of Congo has immense agricultural potential but is still little exploited. Esther Kayumba Bujakera underlines the importance for the government to promote this sector to ensure sustainable development. Mechanization and industrialization of agriculture could increase yields, boost exports and create economic opportunities. President Tshisekedi has placed agriculture at the heart of his program, encouraging the modernization and revitalization of the sector. By investing in the modernization and processing of local agricultural products, the DRC could guarantee its food security, stimulate its economy and create jobs. The agricultural sector represents a sustainable response to food insufficiency and can contribute to reducing poverty. By focusing on mechanization and industrialization, the DRC could unlock all of its agricultural potential for a sustainable future.

Post

A Historic Agreement between the DRC and the IMF: Crucial Economic Reforms for the Future of the Country

The Democratic Republic of Congo has concluded a major agreement with the IMF to release a significant loan, testifying to the economic reforms put in place. Key measures are being adopted to optimize resources and strengthen the country's economic stability. A budget review is planned for 2024, including security spending and new financial commitments with Chinese companies. This agreement reflects the commitment of the Congolese authorities to sound financial management and economic stability, essential to ensure the country's development.

Post

In-Depth Analysis of Inflation in the Democratic Republic of Congo for the year 2024

Inflation in the Democratic Republic of Congo remains a major challenge for 2024, with projections indicating a deceleration but persistent inflationary pressure. The monetary policy measures put in place aim to contain inflation, but their long-term effectiveness remains uncertain. It is essential to closely monitor the evolution of inflation and adapt economic policies accordingly to guarantee the economic and social stability of the country. A coordinated and robust approach is needed to mitigate inflationary pressures and promote sustainable and inclusive development in the DRC.

Post

Record mobilization of state revenues in the Democratic Republic of Congo

The month of May 2024 was marked by a strong collection of state revenues in the Democratic Republic of Congo, totaling 802.3 billion Congolese Francs. Financial authorities played a key role in this success, contributing significantly to this revenue. However, public spending reached CDF 810.6 billion, highlighting the importance of managing state resources in a balanced manner. On an annual basis, revenues reached 11,140.0 billion CDF, highlighting the challenges and successes in financial management for the economic and social development of the country.

Post

Inflation hits a record in April 2024: what are the consequences for the national economy?

Fatshimetrie's latest Consumer Price Index (CPI) report for April 2024 reveals rising inflation, mainly attributed to rising prices in key sectors such as food, housing, energy, transport and health. With annual inflation of 11.47% and notable increases in food inflation and core inflation, households are already feeling the pressure on their purchasing power. The situation is even more critical in urban and rural regions where inflation rates differ widely. Urgent measures are needed to stabilize prices, stimulate economic growth and improve the well-being of citizens.