Category: Economy

Central Africa has experienced remarkable economic growth in 2022, surpassing other regions of the African continent. With a growth rate of 4.8%, the region is positioning itself as an engine of economic development in Africa. Moreover, Central Africa has managed to control inflation, with a rate of 6.7%, the lowest among all African regions. Although the region is facing a budget deficit, its financial situation has improved. However, to maintain this momentum, it is essential that Central Africa mobilizes significant funding to face climate challenges and promote sustainable development.

The prices of the main mining products exported from the Democratic Republic of Congo will drop slightly this week, according to projections by the National Commission of Mercurials. Tin, gold and tantalum will experience a decrease in their prices, while copper and zinc will see a slight increase. Cobalt and silver ore will keep prices stable. This price evolution reflects the usual market fluctuations and requires special attention to optimize supply and sales strategies in the mining sector.

The precious metals market will see some price swings this week, with copper and zinc rising notably, tin falling, and cobalt and silver ore stable. This trend reflects the changing demands of different industries and global economic conditions. Investors and industry players must remain alert to these developments to make informed investment and resource management decisions.

The Matadi-Kinshasa railway in the Democratic Republic of Congo is currently in an alarming state of disrepair. President Tshisekedi called on the government to take concrete actions for its modernization. He asked for an inventory in order to consider a Public Private Partnership (PPP) to finance the rehabilitation works. With the growth of road traffic and frequent traffic jams, the modernization of this railway line is crucial for economic development and the reduction of road accidents. There is a need for the government to intensify negotiations with private partners, mobilize financial resources efficiently and transparently, and start rehabilitation works quickly. This project is essential to guarantee safe and efficient transport between Matadi and Kinshasa, as well as to stimulate the economic and social development of the region.

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 assets of commercial banks in national currency at the Central Bank of Congo experienced a significant weekly contraction, falling from 3,454.1 billion Congolese Francs (CDF) to 3,057.2 billion Congolese Francs (CDF). This decrease can be explained by economic factors, capital movements and the geopolitical context. The effective management of these assets is crucial to ensuring the country’s economic stability. It is essential to monitor these developments closely and to take adequate measures to maintain the confidence of banks and guarantee the financial stability of the Democratic Republic of the Congo.

The Governor of Kongo Central announced the acquisition of two new engines to repair the broken down river ferry, thus restoring traffic in the region. At the same time, more sustainable solutions are being considered, such as the acquisition of a larger capacity ferry or the construction of a bridge to open up the territory of Luozi. This proactive approach opens new perspectives for the economic development of the region.

Central Africa has experienced remarkable economic growth in 2022, surpassing other regions of the African continent. With a growth rate of 4.8%, the region is positioning itself as an engine of economic development in Africa. Moreover, Central Africa has managed to control inflation, with a rate of 6.7%, the lowest among all African regions. Although the region is facing a budget deficit, its financial situation has improved. However, to maintain this momentum, it is essential that Central Africa mobilizes significant funding to face climate challenges and promote sustainable development.

The prices of the main mining products exported from the Democratic Republic of Congo will drop slightly this week, according to projections by the National Commission of Mercurials. Tin, gold and tantalum will experience a decrease in their prices, while copper and zinc will see a slight increase. Cobalt and silver ore will keep prices stable. This price evolution reflects the usual market fluctuations and requires special attention to optimize supply and sales strategies in the mining sector.

The precious metals market will see some price swings this week, with copper and zinc rising notably, tin falling, and cobalt and silver ore stable. This trend reflects the changing demands of different industries and global economic conditions. Investors and industry players must remain alert to these developments to make informed investment and resource management decisions.