The banking of the population in sub-Saharan Africa, more particularly in the Democratic Republic of Congo, is a key challenge for the economic development of the country. Despite the presence of several banks, only 13% of the population has access to banking services. Banks must therefore find innovative ways to reach populations excluded from the financial system and convince them of the advantages they have to offer. This includes physical solutions such as mobile branches and mobile agents, as well as new technology-based tools such as mobile applications and online banking. In addition, some banks are developing mixed tools, such as networks of banking intermediaries and salary cards, to facilitate the financial inclusion of workers in the informal sector. By strengthening access to banking services, banks are helping to foster financial inclusion and stimulate economic development in the DRC.
Category: Economy
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The Yetu Establishments run by Kasereka Muhindo are a solid partner for the development of the DRC. With 25 years of experience, they have carried out many public utility projects in collaboration with the Congolese government. Their verifiable physical addresses and official accreditations guarantee their reliability. From the construction of administrative buildings to the modernization of markets, Yetu Establishments have actively contributed to the economic and social development of the country. Despite the criticism, it is important to acknowledge their commitment to President Tshisekedi’s vision.
This article excerpt sheds light on exchange rate fluctuations in the Democratic Republic of Congo and the measures taken by the government to stabilize the economy and preserve purchasing power. These measures include strengthening monetary policy, stimulating local production, improving the banking and financial system, and implementing social programs to support vulnerable populations. Despite the persistent challenges, the Congolese government remains committed to creating more stable economic conditions and fostering sustainable and inclusive growth in the country.
Besiktas are in talks with Young Boys for the transfer of Meschack Elia. The Turkish club have made a €5m bid for the Congolese winger. Elia is said to be open to a change of club and joining Besiktas would be an attractive option for him. The Istanbul club is determined to complete this transfer and see Elia as a quality reinforcement. The next few hours will be decisive for the future of the Congolese player.
The Congolese government is taking measures to regulate the exchange rate in the market, in order to remedy the instability affecting the country’s economy. President Tshisekedi asked the BCC and the IGF to work together to apply these measures, including the repatriation of currency by mining operators. This desire for economic stability testifies to the priority given to this issue. The government-BCC-IGF collaboration will monitor and put in place the necessary measures to achieve this goal. Exchange rate stability is crucial to foster the economic development of the Democratic Republic of the Congo.
The Francophone Games in Kinshasa: an economic springboard and an international showcase for the DRC
The games of the Francophonie in Kinshasa are not only a national pride, but also an economic engine for the DRC. The organization of this event requires the development of quality sports infrastructure, thus creating jobs in industries such as construction, catering, hospitality and tourism. In addition, the games provide the DRC with an exceptional opportunity to promote the country internationally, thereby enhancing its visibility and attracting the attention of investors and tourists. This event will highlight the cultural and sporting richness of the DRC and strengthen ties with other French-speaking countries.
Despite the Covid-19 pandemic which has put a sharp brake on the growth of air transport, the sector is preparing for a rapid recovery. With steadily rising demand and massive investment, the airline industry is poised to regain its former vigor. Signs of recovery are already being felt, with an increase in passenger numbers and many aircraft orders. As borders gradually open, there is no doubt that air travel will soon take off again, allowing millions of passengers to travel to new destinations.
The Democratic Republic of Congo (DRC) is launching an ambitious project to revolutionize the African economy through the battery industry. This project, supported by the United States, China and the European Union, offers a unique opportunity to stimulate economic growth in Africa. The DRC-UK forum on energy transition and investments will play a key role in promoting this industry by mobilizing political and economic actors. The goal is to create new industries and promote green and sustainable energy. This project represents a turning point for the African economy and a chance to transform the DRC into a reference in terms of electric batteries.
In this excerpt from a blog post, we discuss the subject of exchange rate fluctuations in the Democratic Republic of Congo (DRC) and the measures taken by the government to deal with this situation. President Félix Tshisekedi has expressed his concern over this development and has taken measures such as the prohibition of the payment of public expenditure in cash, the intervention of the Central Bank of Congo in the foreign exchange market and the strengthening of foreign exchange operations. The objective is to stabilize the foreign exchange market and protect the purchasing power of the population. The government also encourages the payment of taxes in Congolese francs to strengthen the national currency. Stay informed of the latest news to follow the evolution of the situation.