Category: Economy

This article talks about the relatively stable appreciation of the Congolese franc on the foreign exchange market in the Democratic Republic of Congo, with a slight depreciation on the parallel market. The budget deficit and international reserves are also mentioned. However, the economic situation remains worrying due to the chaotic security context, citizen protest against the electoral process and political instability. The Congolese government is accused of failing to provide security in the country, which affects entrepreneurship and tourism. Appropriate economic and political measures are necessary to ensure the future of the Democratic Republic of Congo.

In the Democratic Republic of Congo, the SME sector plays a crucial role in economic growth and poverty reduction. Civil society organizations have received funding from UN Women to raise awareness and build the capacity of vendors in different parts of the country. The PADMPME project aims to support the growth of SMEs, create entrepreneurial opportunities for women and young people, and improve the business environment. Despite the efforts made, challenges remain, particularly in terms of administrative procedures for traders. Vendors expressed their gratitude to partner organizations and stressed the importance of continuing to support them. It is crucial to strengthen SMEs in the DRC to promote economic growth and poverty reduction.

The drop in the exchange rate observed in Goma is not reflected in the prices of basic necessities. Residents are expressing their frustration with this situation and calling for exchange rate stability. The economic authorities must take measures so that this drop is actually passed on to prices. This would improve the city’s purchasing power and economic stability.

The Democratic Republic of Congo observes a significant decline in the exchange rate of the US dollar. This development is the result of measures taken by the government to regulate the foreign exchange market. This decline has advantages for the Congolese economy, in particular by promoting trade and attracting foreign investment. However, it is important to monitor the repercussions on the purchasing power of the Congolese and inflation. This development nevertheless opens up new prospects for the country’s economic growth.

The Central Bank of Congo has published its note on the economic situation for the week of May 19 to 26. The Congolese foreign exchange market remained stable with an appreciation of the Congolese franc against the US dollar on the official market. However, on the parallel market, the Congolese franc depreciated slightly. The average exchange rate recorded a weekly depreciation of 0.27%. Regarding the execution of the foreign currency budget, the BCC noted a deficit. International reserves reached $4.1 billion as of May 25. The economic and political situation in the DRC remains dynamic with progress and ongoing challenges.

According to the General Inspectorate of Finance (IGF), the payroll operations of civil servants will have no impact on the exchange rate. Despite a delay in payroll for the month of July, civil servants are encouraged to keep their remuneration in Congolese Francs. Following measures taken to stabilize the country’s economy, there is a gradual appreciation of the national currency on the foreign exchange market. This situation only concerns civil servants and does not apply to foreign currency applicants. By guaranteeing the stability of the exchange rate, the IGF aims to ensure the economic stability of the country.

The latest weekly economic report from the Central Bank of Congo (BCC) indicates a slight appreciation of the Congolese franc in the official and parallel markets of 0.6%, although the average exchange rate in the cities of the provinces has experienced a weekly depreciation. by 0.27%. The report also highlights a deficit of US$94.09 million in the execution of the foreign exchange budget, as well as international reserves of US$4.1 billion equivalent to an import duration of two and a half months. The report stresses the importance of monitoring the fluctuation of the Congolese currency.

The article presents the economic potential of the Democratic Republic of Congo (DRC) and Angola, and underlines the importance of the partnership between the two countries for the economic development of Central Africa. It highlights the abundant natural resources and economic assets of the DRC and Angola, such as minerals, oil and agriculture.

The DRC-Angola partnership aims to strengthen economic cooperation and trade between the two countries. It also offers significant investment opportunities in key sectors such as energy, agriculture, fisheries and health. Investments in these areas can contribute to the emergence of a large free trade area in sub-Saharan Africa.

The DRC-Angola partnership does not only benefit the two countries, but also all of Central Africa. It can serve as a catalyst for the economic integration of the region, creating new jobs, increasing trade and strengthening the economic development of Central Africa.

In conclusion, the DRC-Angola partnership offers exciting prospects for the economic development of Central Africa and invites investors and economic actors to seize the opportunities offered by this promising collaboration.

The Democratic Republic of the Congo has been experiencing a drop in the US dollar exchange rate in recent days, a result of measures taken by the government to stabilize the national currency. However, property prices continue to rise, raising concerns about the effectiveness of these measures. Experts warn of the effects of inflation and advocate a holistic approach to solving the country’s economic problems, promoting local production and reducing import dependency.