Category: Economy

The Democratic Republic of Congo (DRC) has made significant progress in the areas of infrastructure, health and digitization. Massive investments have been made to build roads, bridges and airports, thus promoting economic development. The health sector has also been improved, with the construction of health centers and awareness of endemic diseases. Finally, the DRC is gradually digitizing, providing better access to the Internet and catalyzing the development of tech startups.

The commune of Mongwalu, in the province of Ituri, has been experiencing a gradual resumption of economic activities since June. As the security situation has improved, many traders are returning to the town, which is reflected in the reopening of shops. The reopening of the Bunia-Mongwalu road also facilitates trade. With militia attacks on the decline, residents can access basic necessities. The mayor insists on the need to promote pacification and peaceful coexistence. This economic recovery offers new prospects for the development of the Ituri region.

President Félix Tshisekedi has taken steps to stabilize the exchange rate of the Congolese franc, which has fallen against the US dollar. Among the measures announced, we find interventions by the Central Bank of Congo on the foreign exchange market, rigorous management of public finances and the strengthening of foreign exchange repatriation measures. These actions aim to regulate the currency market and restore citizens’ confidence in the local currency. The stability of the exchange rate is essential for the economic development of the country and the improvement of the living conditions of the population.

In this article excerpt, we address President Félix Tshisekedi’s major concern regarding exchange rate fluctuations and their impact on the purchasing power of the Congolese population. To deal with this situation, the government is implementing various measures. Among them, the prohibition of the payment of public expenditure in cash at the Central Bank of Congo and the strengthening of the repatriation of foreign currencies. It is also underlined the scarcity of currencies on the interbank market despite the increase in operating revenues in the mining sector. The government will put in place better management of foreign currency bank deposits and will work closely with the Central Bank to guarantee an increase in the bank rate. The national financial inclusion strategy is also an important point, with increased vigilance on the quality of expenditure and monitoring of the cash flow plan. This series of measures testifies to the government’s desire to find effective solutions to preserve citizens’ purchasing power and stimulate the country’s economy in the long term.

The Democratic Republic of Congo (DRC) is carrying out essential reforms to guarantee access to drinking water and energy. Steps have been taken to decentralize and liberalize the water sector, while construction and rehabilitation projects are improving the supply of drinking water. In the energy sector, a law has been put in place to liberalize the sector and allow greater private sector participation. Despite progress, challenges remain to meet the growing demand for electricity, particularly in the mining industry. However, the DRC is looking for partnerships to improve the situation. These reforms are crucial to improve the quality of life of the Congolese and promote the socio-economic development of the country.

Air traffic in Senegal continues to grow significantly in 2023, with figures doubling compared to the previous year in the first quarter. According to ANACIM, this trend demonstrates a vigorous recovery of the aviation sector in the country. The report also reveals an 8% increase in air freight compared to 2019, underlining the vitality of air trade. Major airlines such as Air Senegal, Air France and Royal Air Maroc play a vital role in the country’s connectivity with the rest of the world, with Paris and Casablanca leading the best-served destinations. This growth in air traffic is an encouraging sign for the economy of the air sector in Senegal and for the development of tourism, trade and international cooperation.

TP Mazembe announces the loan of Jephté Kitambala to AS Maniema Union for the next season. This decision will allow the player to gain game time and experience in another context. It will be interesting to follow Kitambala’s development within Maniema Union and see how he can contribute to the team.

The “Musala” trades center will be built in Mombele, Kinshasa, with the support of the Belgian Embassy and ENABEL. This training center aims to prepare the professional future of Congolese youth by offering courses focused on food processing, agribusiness and digital learning for agricultural promotion. The “Kin emploi” project will support nearly 5,000 young people from Kinshasa by 2025 towards employability. The estimated cost of the project is 10,000,000 euros, with the aim of reducing the unemployment rate among young people. The construction of the city of trades represents an important opportunity for the economic and social development of the country.

The Games of La Francophonie in Kinshasa are on the right track, with sports facilities ready to welcome the athletes. President Félix Tshisekedi visited the main sites and expressed his optimism for the success of the event. The Stade des Martyrs is ready, with all sports facilities completed to the required standards. Stade Tata Raphaël is also on track, with significant advances in key facilities. The organization of these Games has created thousands of jobs and represents an economic and cultural opportunity for the DRC. The country is ready to assert itself as an essential destination for major sporting and cultural events.