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The Democratic Republic of Congo suffers from a deficit of more than 4 million decent housing units. To remedy this, President Tshisekedi plans to relaunch the social housing policy, by creating three public establishments. The objective is to improve access to decent housing while building a regulatory framework for the real estate sector, which has been anarchic for a long time due to the lack of appropriate regulations. The establishment of these structures will make it possible to meet the growing need for housing while fighting against anarchic constructions. A presentation of the report should be made at the next Council of Ministers.
The Minister of Transport in the Democratic Republic of Congo has decided to rehabilitate the Kinshasa-Matadi railway, recommended by the Head of State during the meeting of the Council of Ministers. The railway line has not been in service for more than two years due to heavy rains and the aging condition of the railway carriage. The rehabilitation of this railway line is therefore crucial to boost the economy of the DRC, creating jobs and strengthening the economic growth of the region.
The Entrepreneurship Guarantee Fund in Congo (FOGEC) actively supports Congolese entrepreneurs by granting them funds to develop their activities. During a ceremony in Kinshasa, FOGEC awarded 1,800,000 USD to 90 managers of micro, small and medium enterprises. Entrepreneurs are delighted with this funding, which will allow them to realize their projects and develop their businesses. FOGEC, in partnership with ECOBANK and BGFI Bank, offers financing over three years with an interest rate of 5% per year. This initiative is essential to stimulate entrepreneurship and create jobs in the DRC. It is important to widely publicize this funding opportunity and to ensure transparent and fair procedures for benefiting from these funds and fostering economic development.
The Congolese franc appreciated slightly by 0.6% on the official foreign exchange market last week, according to a weekly economic report from the Central Bank of Congo. Economic figures show that the DRC is still going through financial difficulties, but the increase in the value of the Congolese franc on the official foreign exchange market is a positive sign that may encourage investors and foreign companies to take more interest in the country. Congolese economy.
The Democratic Republic of Congo is going through economic and social difficulties, with falling product prices, loss of purchasing power and deterioration of the national currency. The country is also marked by chaotic management with a rise in tribalism, corruption and flagrant violation of fundamental rights. However, efforts are being made to revive the economy, including tax reform and infrastructure rehabilitation projects. The socio-economic situation remains precarious and requires joint action by the political class, civil society and national and international partners.
The Democratic Republic of Congo is counting on the exploitation of its vast hydrocarbon reserves to revive its economy. The country has put in place a regulatory framework to maximize its revenue through Production Sharing Contracts (PSCs). The Deputy Minister of Hydrocarbons thus announced a call for tenders for 27 gas blocks with the aim of revitalizing the sector. The oil days were an opportunity to discuss control mechanisms to achieve the objectives of the parties to the contract and to find solutions to boost the hydrocarbon sector of African countries in general and for French-speaking African countries such as the DRC in particular. .
The Democratic Republic of Congo is facing an unprecedented economic and social crisis, characterized by a fall in the Congolese franc against foreign currencies and an increase in the prices of basic necessities. The opposition Common Front for Congo (FCC) denounces a chaotic management of the country marked by the rise of tribalism and rampant corruption. Moreover, the violations of fundamental rights as well as the violent repression of peaceful demonstrations have aroused great indignation. The Congolese authorities and the international community must assume their responsibilities to put an end to this crisis and guarantee respect for the rights of citizens.
In 2023, the public finances of the DRC will experience a positive evolution with a surplus of the Public Treasury and a mobilization of revenues in line with expectations. The government revenue mobilized amounts to approximately US$5.518 billion, showing a surplus of US$168.473 million. This success is the result of rigorous financial management and the successful mobilization of revenues according to budget allocations. In addition, the Congolese franc is experiencing a gradual appreciation on the foreign exchange market thanks to measures aimed at stabilizing the national currency. This positive evolution of public finances opens up new prospects for the future of the Congolese economy.
The Democratic Republic of Congo is planning the creation of new public establishments to address housing deficits in the country and regulate inappropriate construction. The Congolese government’s commitment is clear. However, the country faces persistent challenges, particularly with regard to elections, security and stability of the foreign exchange market. Despite this, the opportunity is offered to young Congolese entrepreneurs to develop their business and contribute to the economic and social improvement of the country.