Category: Economy

The growing demand for electric vehicles has led to a dramatic rise in the price of lithium, the new “white gold” of the 21st century. In this lithium race, the European Union has signed a strategic partnership with Chile to guarantee its lithium supply and counter China’s influence on the world market. This partnership also aims to work together in other key areas such as environmental standards, employment and infrastructure. Despite the challenges and market instability, Europe is positioning itself by securing the energy future thanks to this partnership with Chile.

The article highlights the urgency of buoy works and other development projects in the transport sector in the Democratic Republic of Congo. He stresses the importance of finalizing these projects to relaunch river transport and improve the country’s infrastructure. These projects include buoy work at Kindu and Kongolo, as well as the rehabilitation of the Bangoka air terminal in Kisangani and the renovation of the airstrip at Kolwezi airport. The government is urged to act quickly and effectively to mobilize the resources necessary for the realization of these projects, in order to promote the economic and social development of the country.

In this article, we address the issue of exchange rate instability in the DRC, its economic consequences and the measures taken by President Félix Tshisekedi to remedy it. By entrusting the government, the Central Bank of Congo (BCC) and the General Inspectorate of Finance (IGF) with regulating the foreign exchange market, the president seeks to stabilize the local currency and find a lasting solution to this instability. One of the recommendations made is the repatriation in foreign currency of 40% of mineral sales by mining operators. Although the DRC has opted for a free exchange market, this freedom can lead to significant fluctuations. It is therefore necessary to put in place regulatory measures to maintain the country’s financial stability.

Residents of Goma, in the Democratic Republic of Congo, demonstrated against the depreciation of the Congolese franc. This situation has led to an increase in prices, making access to essential goods and services more difficult. The demonstrators demand the stabilization of the currency and concrete measures from the authorities to restore confidence and economic stability. The mobilization bears witness to their desire to defend their purchasing power and fight for a better economic situation.

The government of the Democratic Republic of Congo has launched work to complete National Road No. 5 (RN 5), linking Bukavu to Kamaniola. This initiative aims to improve the living conditions of the population and promote the economic development of the region. This new road will facilitate trade, improve security and provide faster access between the two cities. This is an important step in the realization of the country’s infrastructure projects and demonstrates the government’s commitment to developing infrastructure and meeting the needs of its population.

Yetu Establishments, headed by Kasereka Muhindo, is a key partner for the development of the Democratic Republic of Congo. Despite the rumours, their seriousness and expertise have been recognized by official bodies. Their achievements, such as the construction of the town hall of Goma and the modernization of the Gambela market, testify to their positive contribution to the country. It is important to support and recognize their work in order to build a better future for the DRC.

Europe and Chile recently sealed a strategic partnership to secure the supply of lithium, essential to the electric vehicle revolution. This agreement will allow Europe to obtain privileged access to Chile’s lithium reserves in exchange for an injection of funds to stimulate the Chilean economy. In addition to economic cooperation, the two parties will also collaborate in the fields of research, environment, employment and education. This alliance allows Europe to secure its supply of lithium and to counter the growing influence of China in the raw materials sector. However, the lithium market remains uncertain due to strong demand and price fluctuations. Despite this, this agreement positions Europe as a key player in the management of critical resources and in the transition to sustainable energy.

The Central Bank of Congo recorded a significant increase in the reserves of commercial banks in national currency. Commercial bank assets reached 3,193.4 billion Congolese Francs, a weekly increase of 272.1 billion Congolese Francs. This increase testifies to the growing confidence of banks in the Congolese economy and opens up promising prospects for the banking sector and the economy in general. This trend could promote investment and economic growth, and requires stronger regulations and policies favorable to the Congolese financial sector.

Summary :

The price of copper has recently experienced a significant increase in international markets, stimulated by an increased demand for copper linked to the energy transition. However, the price of cobalt has remained stable despite growing demand for electric cars. These fluctuations have an impact on the economy of the DRC, which depends on the export of these minerals. Responsibly managing the revenue generated by these price increases is critical to maximizing benefits for the country.