Category: Economy

Congolese government spending saw a significant decline in the first quarter of 2023 compared to the last quarter of 2022, according to a report released by the Minister of Finance. Total expenditure reached 4,095.18 billion Congolese francs, a decrease of 2,549.16 billion CDF. Expenditure on emergency procedures also fell by 59% compared to the previous year. This decrease reflects the government’s efforts to control its finances, although this may have an impact on certain sectors and government programs. It remains to be seen how this trend will evolve in the future and what the consequences will be for the Congolese economy.

The General Inspectorate of Finance (IGF) in the Democratic Republic of Congo (DRC) expresses concerns about the development of the Local Development Program (PLD). A delegation from the IGF visited the province of Kasai Oriental to assess the work in progress. Despite some obstacles, such as vandalized buildings and dilapidated roads, IGF’s Victor Butubenga remains optimistic that the work will be completed and the positive impact it will have on the country. The IGF closely monitors the execution of the PLD and will propose corrective measures if necessary to ensure sustainable development.

The Director General of the Central Coordination Office (BCeCo), Jean MABI, is carrying out an inspection mission of the sites of the Local Development Program at the base of 145 territories (PDL-145T) in Mbuji-mayi, in Kasaï-Oriental. This visit demonstrates the Congolese government’s commitment to local development and the reduction of inequalities. The progress observed on the sites bears witness to the efforts made to strengthen the infrastructures and services in the Congolese territories. An important step for the economic and social development of the country.

The Director General of the Central Coordination Office (BCeCo), Jean MABI, is carrying out an inspection mission of the sites of the Local Development Program at the base of 145 territories (PDL-145T) in Mbuji-mayi, in Kasaï-Oriental. This visit demonstrates the Congolese government’s commitment to local development and the reduction of inequalities. The progress observed on the sites bears witness to the efforts made to strengthen the infrastructures and services in the Congolese territories. An important step for the economic and social development of the country.

The Public-Private Partnership (PPP) is increasingly used as an innovative financing mechanism for States. In the Democratic Republic of Congo, a draft decree has been submitted to complete the legal framework for the PPP. The PPP offers many advantages, such as private sector expertise and resources, flexibility in financing and the possibility of carrying out projects that are difficult to finance otherwise. However, rigorous management and increased transparency are necessary to avoid abuse. In conclusion, the PPP is a promising tool for the States, but the establishment of a solid framework is essential to guarantee the success and the sustainability of the PPP.

Central Africa will record remarkable economic performance in 2022, according to the report of the African Development Bank. The region will post an economic growth rate of 4.9% in 2023, exceeding the African average. In addition, Central Africa is positioned at the top of African regions in terms of inflation, with a rate of 6.7% in 2022. However, the situation of public finances remains worrying with a budget deficit. The Democratic Republic of Congo plays a key role in the economic growth of the region. The service sector and industry are the main contributors to the region’s GDP. Central Africa also faces the challenges of climate change, requiring private sector financing to support green growth. The region has potential for economic development, and with good management of public finances and strategic investments, it can become a major player in Africa.

Copper ore is expected to experience higher prices in international markets, which will have an impact on the global economy. The price of copper is expected to rise to USD 8,613 per ton, showing an upward trend. Zinc will also see gains, while tin and gold will show downward trends. Tantalum and cobalt will remain stable. Economic players must closely monitor these trends to anticipate the repercussions on their sector and make informed decisions.

Congolese government spending fell sharply in the first quarter of 2023, according to a report by the Minister of Finance. Total expenditure decreased by 2,549.16 billion Congolese Francs compared to the previous quarter, while expenditure executed under emergency procedure fell by 59%. This decrease reflects the Government’s efforts for more rigorous management of public finances. However, this does not mean a reduction in public investments or services, but rather a better allocation of resources and greater transparency in the management of public funds. This will contribute to the economic stabilization of the country and the achievement of development goals.

The Public-Private Partnership (PPP) is increasingly used as an innovative financing mechanism for States. In the Democratic Republic of Congo, a draft decree has been submitted to complete the legal framework for the PPP. The PPP offers many advantages, such as private sector expertise and resources, flexibility in financing and the possibility of carrying out projects that are difficult to finance otherwise. However, rigorous management and increased transparency are necessary to avoid abuse. In conclusion, the PPP is a promising tool for the States, but the establishment of a solid framework is essential to guarantee the success and the sustainability of the PPP.

This article highlights the evolution of the prices of mining products exported by the Democratic Republic of Congo. Tin, gold and tantalum are expected to fall this week, while copper and zinc will experience a slight rise. Cobalt and silver ore will keep prices stable. It is crucial for players in the mining sector to monitor these fluctuations in order to adapt to market trends and maximize economic opportunities. The DRC remains a key player in the global economy as one of the world’s leading mineral producers.