Category: Economy

The COPA program in the DRC has seen impressive results, with an additional turnover of more than 29.7 million dollars and the creation of thousands of jobs. Thanks to the support of the Congolese government and the World Bank, 430 SMEs and 960 young entrepreneurs have benefited from financial and technical support. SMEs generated an additional turnover of 22.7 million dollars and created more than 2,151 jobs, while young entrepreneurs generated a turnover of 7 million dollars and enabled the creation of 1,938 jobs . These results highlight the importance of supporting SMEs and young entrepreneurs to stimulate the Congolese economy and promote employment.

The Democratic Republic of Congo has long suffered from illicit financial flows from Africa. To counter this scourge, the government has decided to implement measures, including the creation of an interministerial committee responsible for combating this phenomenon. Indeed, Africa loses around 90 billion dollars as a result of these illicit financial flows, which has serious consequences on African economies. With these actions, the DRC hopes to reduce economic losses and promote sustainable development.

In this powerful excerpt from a blog post, Nobel Peace Prize Laureate Denis Mukwege sounds the alarm about the economic genocide in the Democratic Republic of Congo (DRC). It challenges the national and international community on the atrocities perpetrated for economic interests, leaving the Congolese population in a state of poverty and extreme suffering. Mukwege denounces the exploitation of mineral resources and natural wealth of the DRC by the globalized economic system, at the expense of its population. It highlights the paradox of the abundance of wealth in the DRC and the persistence of poverty and insecurity. Mukwege calls for an end to illicit resource extraction and trade, as well as the culture of impunity. It also highlights the importance of respected and respectful leadership to end conflict and serious crimes. Mukwege’s call is clear: urgent action is needed to put an end to this Congolese tragedy and guarantee the country’s sustainable development without sacrificing the lives and well-being of its people. It calls for international awareness and concrete actions to end the economic genocide in the DRC. This excerpt highlights a reality that is often overlooked and calls for working together to ensure a better future for the DRC and its people.

The Front Commun pour le Congo (FCC), an opposition platform in the Democratic Republic of Congo, expresses its concern over the recent socio-economic deterioration of the country. The devaluation of the Congolese franc and the increase in the prices of basic necessities have led to a strong loss of purchasing power. The FCC called on the international community to sanction the actors who violated human rights in the country while criticizing the “chaotic” management of the DRC, marked by corruption, tribalism and recurrent violations of fundamental rights. The government is nevertheless pursuing its investment projects in the country to strengthen the national economy, despite the deterioration of road infrastructure and the collapse of bridges.

The Democratic Republic of Congo is facing an alarming financial crisis, with figures revealing a significant imbalance in public finances. Revenues are below budget forecasts, highlighting a lack of funds in state coffers. Moreover, many major budget expenditures remained unpaid, compromising the financial balance and violating the constitution. The Center for Research in Public Finance and Local Development (Crefdl) calls for the development of an amending budget and rigorous management of expenditure in order to restore the situation. This financial crisis threatens the economic future of the country.

UBA RDC, a major bank in Africa, announces the appointment of Mr. Joel Ilela Bukasa as the new ad interim Managing Director. With 17 years of experience in the Congolese banking sector, Mr. Ilela Bukasa is an expert in customer service and Africapitalism. Its objective is to strengthen the bank’s performance, stimulate its growth and meet customer needs. This strategic decision testifies to UBA RDC’s desire to innovate and remain competitive, by offering solutions adapted to Congolese customers. Customers can therefore expect quality services and increased performance.

The Pact for Industrialization in Madagascar is a historic partnership between the private sector and the state aimed at stimulating the country’s industry and economy. This agreement is based on the transformation of local resources and the improvement of business competitiveness. It targets five key sectors: agro-industry, textiles, essential oils, mining processing and energy. The success of this pact depends on political stability and the application of investment support measures. This initiative opens up new prospects for Madagascar by creating jobs, increasing incomes and reducing dependence on imports.

The loss of Niger as the first supplier of uranium to the European Union marks a turning point for the country. However, he managed to diversify his economy by investing in other sectors such as gold and hydrocarbons. These new sectors have experienced significant growth, thus reducing the country’s dependence on uranium. Moreover, Niger has attracted the attention of foreign investors, which testifies to its economic potential beyond uranium. Despite the challenges it faces, Niger is adapting to market changes and maintaining sustainable economic growth.

The private sector and the State of Madagascar sign a historic pact for the industrialization of the country. This partnership aims to double the industry’s contribution to GDP by 2040 by focusing on the transformation of local resources and the improvement of the competitiveness of Malagasy companies. The five growth sectors identified are agro-industry, textiles, essential oils, mining processing and energy. This strategic partnership marks a major turning point in the economic development of Madagascar by offering new opportunities for growth and prosperity for the country.