Category: Economy

This article highlights the evolution of the Local Development Program in DR Congo, a priority for the General Inspectorate of Finance. A recent inspection in the province of Kasaï Oriental revealed the challenges encountered, such as the inadequate use of construction materials and the dilapidated state of the infrastructure. The article emphasizes the importance of ensuring good management of resources and optimal working conditions to ensure the success of the program. Despite these obstacles, the IGF remains optimistic about the positive impact that the program will have on the development of Congolese territories. It offers improvements and solutions to solve the problems encountered. Collaboration between the government, local actors and inspectors is essential to ensure the harmonious development of the country.

Women traders in the DRC play a vital role in the economic survival of the country. Thanks to the support project for the development of SMEs and the support of UN-Women, they benefit from training and awareness-raising to strengthen their capacities and improve their business activities. Despite the persistent challenges, it is crucial to continue to invest in women’s entrepreneurship and to create an enabling environment for them to succeed in the business world.

DRC Finance Minister Nicolas Kazadi met with the Association Congolaise des Banques to discuss measures to preserve Congolese purchasing power and stabilize the exchange rate. This meeting demonstrates the Congolese government’s desire to dedollarize the economy and work in collaboration with the financial sector. Bank officials welcomed this decision and pledged to make the Congolese currency more attractive on the market. The government has adopted several measures, such as the intervention of the Central Bank of Congo on the foreign exchange market and the rigorous management of public finances, to remedy the situation of the Franc Congolais. President Félix Tshisekedi underlined the importance of the strict application of these measures to guarantee concrete results. By involving players in the banking sector, the government hopes to strengthen confidence in the Congolese currency and promote greater economic stability in the country.

Subcontracting is a key sector for the economic development of the Democratic Republic of Congo (DRC). However, about eight billion USD still escape the public treasury, which worries the authorities. The Director General of the Private Sector Subcontracting Regulatory Authority, Miguel Katemb, stresses the importance of the participation of local companies and calls for increased awareness on this subject. Measures must be taken, such as business mentoring and closer collaboration between stakeholders, to ensure that the funds stay in the country and contribute to its economic development.

The Democratic Republic of Congo recorded a significant drop in weekly inflation, dropping from 4.010% to 0.184%, according to the Central Bank of Congo. This decline is explained by the deceleration of the indices of various consumption functions and the stability of the foreign exchange market. This news indicates a certain economic stability, but it is important to remain vigilant and informed of the evolution of the economic situation of the country. The DRC faces many economic challenges, but efforts to stabilize the economy are encouraging. It is therefore essential to follow the country’s economic news to better understand the issues and seize the opportunities.

The Business Climate Unit (CCA) in the Democratic Republic of Congo presented a project aimed at improving the business climate in the DRC. The plan includes reforms such as the streamlining of tax audits and the creation of a commercial dispute mediation committee to strengthen legal certainty for companies. The CCA, whose mission is to improve the economic environment and the business climate, will monitor the implementation of the plan in partnership with the Prime Minister and the Ministry of Planning. This initiative is part of an approach aimed at strengthening the attractiveness of the DRC to investors and promoting sustainable and inclusive economic development.

In the Democratic Republic of Congo, the unstable exchange rate is a major problem for the country’s economy. President Félix Tshisekedi expressed his concern at a recent meeting and decided to mobilize the Inspection Générale des Finances (IGF) to work with the government and the Central Bank of Congo (BCC). The objective is to put in place strict measures to regulate the exchange rate on the market. This initiative aims to stabilize the local currency and promote economic stability. The Congolese government is thus seeking to find concrete solutions to improve the country’s economic situation and strengthen investor confidence.

The major telecommunications companies in the DRC, such as Vodacom, Airtel, Africell, Orange, Microcom and ISPA, met with the Director General of the ARSP to discuss the cleaning up of the outsourcing markets and to support the creation of a Congolese middle class, in accordance with the presidential vision of Félix-Antoine TSHISEKEDI. Companies are open to the control mission of the ARSP insofar as this remains in accordance with the law. This working session is part of the control activities of the ARSP to enforce the rules of subcontracting in all sectors of the national economy.