Category: Economy

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.

Bilateral cooperation between the DRC and China strengthens the economic and social development of the country. The two countries pledge to implement infrastructure projects and attract Chinese investment to boost the country’s economy. In addition, China also supports the DRC in social and human development, especially in the fields of education, health and agriculture. This mutually beneficial cooperation strengthens the ties between the two countries and opens up new opportunities for growth and progress in the DRC.

The advent of the Internet has revolutionized the world of work by allowing the development of telecommuting. Thanks to tools and platforms such as Zoom, Trello and Slack, remote communication and collaboration have become easier. Companies have been able to reduce their real estate costs, while workers have benefited from greater flexibility in managing their time. The internet has also opened up new opportunities for freelancers, allowing them to find remote projects and work with clients around the world. In short, the Internet has radically transformed the way we work and opened up new job opportunities.

Bilateral cooperation between the DRC and China strengthens the economic and social development of the country. The two countries pledge to implement infrastructure projects and attract Chinese investment to boost the country’s economy. In addition, China also supports the DRC in social and human development, especially in the fields of education, health and agriculture. This mutually beneficial cooperation strengthens the ties between the two countries and opens up new opportunities for growth and progress in the DRC.

The advent of the Internet has revolutionized the world of work by allowing the development of telecommuting. Thanks to tools and platforms such as Zoom, Trello and Slack, remote communication and collaboration have become easier. Companies have been able to reduce their real estate costs, while workers have benefited from greater flexibility in managing their time. The internet has also opened up new opportunities for freelancers, allowing them to find remote projects and work with clients around the world. In short, the Internet has radically transformed the way we work and opened up new job opportunities.

The article presents the results of the IGF supervision mission in the Kongo Central province and highlights the actions undertaken by the inspection as well as the recommendations issued at the end of the mission. It also highlights the concrete examples of projects implemented thanks to this mission and the challenges the province is facing in terms of financial management. The article aims to demonstrate the importance of good financial governance for local development.

The DRC government is facing a major cross-border traffic congestion in Kasumbalesa, and is looking for innovative solutions. A Congolese delegation traveled to South Africa to meet transport experts and signed agreements to improve trade with SADC. The South African agency Cross Border is committed to combating customs fraud and offers online cargo control services. This collaboration between the DRC and South Africa aims to facilitate trade and improve the fluidity of transport. This initiative contributes to regional economic development and strengthens regional integration.

In this article excerpt, we discuss the recent decision of the Central Bank of Congo (BCC) to raise the key rate from 11% to 25%. This measure aims to tighten monetary policy and support macroeconomic stability. The Monetary Policy Committee stresses the need for stronger coordination between fiscal and monetary policies to deal with the uncertainties of the global economy. Although this may restrict access to credit, this decision is crucial for controlling inflation and maintaining a stable economy over the long term. It is therefore essential that economic actors and political decision-makers remain vigilant and work together to guarantee sustained and balanced growth.

The Public-Private Partnership is an innovative financial mechanism that allows States to benefit from the expertise of the private sector in the financing, innovation and management of State projects. In the Democratic Republic of Congo, a decree on the terms of application of the PPP Law was recently submitted to the Council of Ministers, in order to promote private investment and the development of the country. The PPP makes it possible to mobilize additional financing, to carry out projects more quickly and more efficiently, while guaranteeing transparent and fair management. It represents a real opportunity for States to access financial resources and expertise from the private sector to promote economic and social development.