Category: Economy

The government of the Democratic Republic of Congo (DRC) has adopted a draft decree to strengthen the management of public investments in the country. This project provides for the establishment of a Planning, Programming, Budgeting and Monitoring and Evaluation system to make investments more visible and traceable. A consolidated database will be created and investment projects will be assigned a unique number to facilitate their monitoring throughout their life cycle. The goal is to enable strong and sustained economic growth by ensuring rigorous selection of investments and efficient management of public funds.

The government of the Democratic Republic of Congo forecasts a public revenue shortfall of CDF 71.6 billion in July 2023. Forecasts show low revenue mobilization, mainly due to high level of expenditure and difficulties in collecting tax revenue . This deficit could have significant economic consequences, such as a budgetary imbalance and an increase in public debt. To remedy this situation, the government should take measures to strengthen public revenue mobilization by improving the efficiency of tax collection and stimulating economic growth. It is essential to act quickly to guarantee the financial stability of the country and to finance essential development programmes.

The Government of the DRC has withdrawn the authorization granted to the mining company Congo Gold for the construction of a gold refinery in Bukavu. The decision is motivated by the non-respect of the social obligations of the company. Congo Gold has not produced the specifications of social responsibilities required by law. Despite a formal notice, the company did not act, leading to the withdrawal of approval. This decision illustrates the Government’s determination to enforce mining rules. The DRC highlights the importance of the mining industry for the country’s economy. The construction of refineries is crucial to develop mining resources and create jobs. The Government sends a strong message to mining companies to respect the laws and contribute to the development of the country. This decision highlights the need for responsible management of natural resources and promotes sustainable mining.

The role of women traders in the markets of the Democratic Republic of the Congo is essential for the survival of the Congolese populations. To support their growth and create more opportunities, civil society organizations received funding from UN Women and carried out activities aimed at building their capacities. The SME Development Support Project aims to support the growth of SMEs and increase employment and entrepreneurship opportunities for youth and women. The speakers underlined the importance of the involvement of traditional authorities and deplored the difficulties with the one-stop shop. Despite this, the awareness of traders to legal texts has encouraged their compliance with the State. Grantees expressed gratitude to civil society organizations and expressed the need for continued support. The participation of women traders remains essential for inclusive economic growth and poverty reduction.

The government of the Democratic Republic of Congo has launched the works of the national road N°5 linking Bukavu to Kamaniola. This initiative responds to an urgent need of the population of the region, faced with difficulties related to the dilapidated state of the road. The project is part of President Félix-Antoine Tshisekedi Tshilombo’s vision to improve social and economic conditions. By facilitating trade and access to essential services, this new road will contribute to economic development and job creation. This is a major step forward for the country and the region of South Kivu.

The President of the Democratic Republic of Congo, Félix Tshisekedi, underlined the urgency of financing works in the transport sector during a recent meeting of the Council of Ministers. He highlighted several crucial projects, such as the marking of the tributaries of the Régie des Voies Fluviales, the dredging works in Kalemie and Kinshasa, the construction of a spoil barge in Kinshasa, the rehabilitation of the Bangoka air terminal in Kisangani and the airstrip of Kolwezi airport. This work is essential to stimulate the country’s economic development and create jobs. It is therefore essential that the government devote adequate attention and funding to these projects.

The PDL-145 T in the Democratic Republic of Congo is an ambitious plan aimed at reducing spatial inequalities, revitalizing local economies and improving the living conditions of populations. This program, initiated by President Félix-Antoine Tshisekedi Tshilombo, provides for a total investment of 1.66 billion dollars. The first infrastructures are eagerly awaited, but questions arise about the audit of the General Inspectorate of Finance. Despite the challenges, it is essential to support this plan to ensure a better future for the Congolese.

In a recent press release, the General Management of BCECO made a point of clarifying its position concerning the IGF. It thus denies any opposition to a financial control mission by the General Inspectorate of Finance. On the contrary, the BCECO reaffirms its commitment to sound management of public funds and stresses the importance of dialogue and cooperation between the various institutions involved in financial control. The goal is to quickly resolve differences and focus on achieving common goals.