Category: Economy

The repair of the transformer at the Aviation substation in Bandundu is underway, bringing a glimmer of hope to neighborhoods that have been without electricity for five months. Experts from AEMI are hard at work and plan to complete the work within the next ten days. This news is welcomed with relief by the inhabitants of Bandundu, who hope to finally find a stable electricity supply. The repair demonstrates SNEL’s commitment to providing quality service and meeting the population’s energy needs.

The BGFIBank RDC bank has obtained PCI-DSS certification, awarded by DATA Protect, to guarantee the security of its customers’ banking data. This certification attests to the bank’s commitment to the protection of personal data and reinforces its position as a trusted institution. BGFIBank DRC thus becomes one of the few African banks to obtain this international security standard, which strengthens trust between the bank and its customers. This feat testifies to the rigor of the team and its desire to maintain a level of excellence in the protection of personal data. BGFIBank DRC is thus pursuing its development plan aimed at becoming the bank of reference in the Democratic Republic of Congo by offering its customers quality services in accordance with international standards.

The Democratic Republic of Congo (DRC) has faced worrying fluctuations in the exchange rate, leading to economic instability and a decline in purchasing power. To deal with this situation, the government has taken several measures. First of all, the prohibition of cash payments at the counters of the Central Bank of Congo (BCC) was put in place to promote electronic payments and fight against fraud. Then, the BCC regularly intervenes on the foreign exchange market to stabilize the exchange rate. In addition, banking sectors now supervise foreign exchange operations to ensure transparency and avoid speculative practices. Lastly, foreign exchange repatriation measures have been strengthened to increase the country’s foreign exchange reserves and combat capital flight. These measures aim to restore economic stability and restore investor confidence in the DRC.

The Democratic Republic of Congo (DRC) is implementing major reforms to guarantee access to drinking water and electricity. These reforms include the decentralization and liberalization of water services, as well as the opening of the electricity sector to the private sector. The DRC is thus seeking to meet the growing needs of its population and to promote the country’s sustainable development. Actions are taken to rehabilitate and build sources of drinking water and boreholes, making it possible to supply millions of people. The opening of the water and electricity sector to the private sector aims to improve the efficiency and quality of services, while stimulating the country’s economic development. Despite the progress made, challenges remain, particularly in terms of electricity supply to support the country’s industrialization. Nevertheless, the ongoing reforms are essential to improve the quality of life of the Congolese and stimulate the country’s economic growth.

The Minister of State for Infrastructure and Public Works, Alexis Gisaro, announced the launch of work to complete National Road No. 5 (RN 5) between Bukavu and Kamaniola, in the province of South Kivu. This initiative responds to the instruction of the President of the Republic aimed at improving the social and economic conditions of the population. This section is of great importance for the local population, who were forced to pass through neighboring countries to get from one city to another. The Congolese government thus demonstrates its desire to develop road infrastructure and promote the progress and well-being of the population.

The launch of the recruitment competition at the General Labor Inspectorate in the DRC marks an important step in the rejuvenation of public administration. This approach aims to promote competence and meritocracy, thus ending the system of privileges and political recommendations. With more than 21,000 candidates, the competition testifies to the interest of young Congolese in getting involved and contributing to the development of the country. The transparent and fair organization of the tests guarantees a rigorous and professional process. This competition is the first of a series to come in other public administrations, thus making it possible to attract competent and motivated young talent. This initiative marks the beginning of a public administration that is more efficient, transparent and at the service of Congolese citizens.

This article excerpt highlights the depreciation of the Congolese franc against the US dollar in the Democratic Republic of Congo and the efforts made by the government to stabilize the situation. Measures taken include limiting cash spending and banning payments made at the counter of the Central Bank of Congo. In addition, the government encourages taxpayers to pay their taxes and duties in Congolese francs to strengthen demand for the national currency. However, it is stressed that these measures are only temporary and that a more structural approach, such as the diversification of the economy, is necessary to permanently solve the problem. The collaboration of all actors is essential to support the economic stability of the country.

President Félix-Antoine Tshisekedi Tshilombo has given instructions for the completion of the RN 5 road linking Bukavu to Kamaniola, in the province of South Kivu in the Democratic Republic of Congo. The works, supervised by the Minister of State for Infrastructure and Public Works, aim to improve the living and economic conditions of the local population. This initiative will put an end to the isolation of the region and promote economic development by creating better accessibility between cities. The launch of this work marks an important step in the realization of the President’s vision to transform the country and create an environment conducive to socio-economic development.

The construction of the “MUSALA” trades center in Kinshasa in the Democratic Republic of Congo represents a big step towards the professional future of young people. Funded by the Belgian Embassy, ​​this project aims to prepare nearly 5,000 young people for employability by 2025. The city of trades will focus on the processing, agri-food and digital learning sectors to promote entrepreneurship and meet labor market needs. This project is complementary to the “Kin emploi” initiative and aims to reduce unemployment among young Congolese while fighting against social evils. The construction of this city of trades offers many opportunities for training and acquisition of skills for Congolese youth, thus contributing to the economic development of the country. The city of trades “MUSALA” represents the hope of a better future for Congolese youth.

The Congolese government is showing strong interest in the Games of La Francophonie which will take place in Kinshasa in 2023. It has allocated more than 3 million dollars for the acquisition of stage equipment necessary for the event. This will fill a major need for production infrastructure in the country. In addition, these materials will remain in the DRC to promote the local culture. The country participates in 11 disciplines, which demonstrates its desire to show the world its talents. This investment and the country’s active participation testify to its commitment to making this event a success, while promoting its culture and its artists. The Games of La Francophonie will thus be an opportunity for the DRC to make itself known on the international scene and to highlight its artistic heritage.