Category: Economy

Niger, once the European Union’s leading supplier of uranium, has seen its status change over the years. Despite the fall in the price of uranium, the country remains a key player in the supply of uranium, still representing a quarter of European imports. The company Orano, in charge of the extraction, is now concentrating on finding new profitable extraction techniques. At the same time, Niger has diversified its economic activities by investing in gold and hydrocarbons, which has helped rebalance its trading partners. Although uranium mining is declining, it remains important to the country’s economy.

The economic and social situation in the Democratic Republic of the Congo is worsening, with the sharpest drop ever recorded in the Congolese franc against foreign currencies and a surge in the prices of basic necessities. The Common Front for Congo (FCC), an opposition platform, denounces the “chaotic” management of the country and the repeated violations of fundamental rights. The peaceful protest organized by the opposition was disproportionately repressed and aroused strong indignation. Despite the investment projects and the initiatives taken, sustainable economic and social development in the DRC still seems far away.

Congolese President Félix Tshisekedi visits the construction site of the Kinshasa Financial Center, a promising project for the modernization of the capital. More than 90% of the work has already been completed, according to the director of the Turkish company Milvest, which is supervising the construction. This building complex will include ministries, a five-star hotel and a convention center. The inauguration is scheduled for next December, testifying to President Tshisekedi’s commitment to the country’s economic development.

According to the weekly note from the Central Bank of Congo (BCC), the exchange rate between the Congolese franc and the US dollar remained stable on the official and parallel markets. However, the budget deficit for the execution of the foreign currency budget is USD 94.09 million. The DRC’s international reserves are at USD 4.1 billion, equivalent to an import cover of 2.25 months. The economic situation is stable but sound economic policies must be pursued to ensure sustainable growth.

The Front Commun pour le Congo, an opposition platform, recently stated that the economic and social situation in the Democratic Republic of Congo continues to deteriorate. The vertiginous fall of the Congolese franc and the increase in the prices of basic necessities are the main causes of the loss of purchasing power in the country. Political leaders also deplored the rise of tribalism, corruption and illicit enrichment. The FCC condemned the violations of fundamental rights and called on the international community to sanction the sponsors and the executors of these violations. The DRC faces many challenges in the years to come, but political leaders continue to advocate for effective reform and governance to help remedy the situation.

The national deputies of the Democratic Republic of Congo adopted six bills authorizing the ratification of credit agreements and conventions during a parliamentary session. Among the financing agreements, we find the one signed between the DRC and IFAD for a total amount of 45.2 million dollars intended for the financing of empowerment projects by promoting agricultural and rural entrepreneurship sensitive to inclusive nutrition. and resilient. These ratifications testify to donors’ confidence in the DRC and their commitment to supporting the country’s economic and social development.

The Democratic Republic of Congo (DRC) is facing alarming inflation in July 2023. According to the Central Bank of Congo (BCC), the inflation rate reached 5.792%. This increase is mainly due to higher food prices and transport costs. This inflation has a direct impact on the purchasing power of households and worsens the living conditions of the Congolese population. Measures are being taken to control this situation, but it is crucial to find lasting solutions to stabilize the economy and improve the living conditions of the Congolese.

The Democratic Republic of Congo recorded a significant increase in its public revenues thanks to plate services, reaching a record amount of 12,691.6 billion Congolese Francs (6.2 billion US dollars). This remarkable performance testifies to the government’s efforts to stimulate the country’s economic development. The increase in public revenue will make it possible to finance infrastructure projects, improve public services and support key sectors of the economy, thus promoting economic growth and reducing poverty. Emphasis should be placed on combating tax evasion, efficient tax collection and promoting a business-friendly environment to maintain the positive trend.

The article explores the history and success of e-commerce, as well as its impact on the way we consume. It highlights the benefits of e-commerce such as convenience, wide product choice, personalization and the ability for small businesses to compete with large retailers. The article also highlights the importance of digital marketing and social networks in the success of e-commerce. In conclusion, e-commerce has revolutionized the way we consume and will continue to shape our economy in the future.