Category: Economy

The depreciation of the Congolese franc against the US dollar has reached an alarming level in the Democratic Republic of Congo, with an indicative exchange rate of 2,411 Congolese francs per dollar. This situation has led to an increase in inflation and in the prices of basic necessities. To remedy this situation, the Central Bank took measures such as raising the key rate and increasing the reserve requirement coefficient. Nevertheless, it is crucial that the government encourages local production and reduces dependence on imports to face this economic challenge.

The Busanga hydroelectric plant in the Democratic Republic of Congo is a major project that marks a major step forward in the field of energy. Financed by SICOMINES S.A. to the tune of 656 million dollars, this plant with a production capacity of 240 MW meets the energy needs of SICOMINES while serving the province of Lualaba and the Greater Katanga region. This project helps fill the country’s energy deficit, promotes the development of Congolese industry and represents an example of a successful partnership between the DRC and foreign investors.

The visit of South African President Cyril Ramaphosa to the DRC has strengthened economic cooperation between the two countries. Several memorandums of understanding have been signed to strengthen economic ties. The visit also served to strengthen defense and security cooperation. The DRC has vast natural resources and South Africa has a dynamic and diversified economy, which makes economic cooperation particularly important. The priority areas of cooperation are energy, infrastructure, agriculture, mining and telecommunications. The visit bears witness to the common desire of the two countries to promote economic development and improve the living conditions of their populations.

Writing blog posts is an essential strategy for businesses looking to boost their online presence. This excerpt shows the importance of understanding your target audience, doing thorough research, creating catchy titles, using a clear structure, keeping it concise and clear, including examples and anecdotes, and using calls to action. By following these tips, you can improve the quality of your blog posts and attract more readers.

The Democratic Republic of Congo (DRC) recently exported 2 tons of artisanal gold to the United Arab Emirates, marking a victory in the fight against mining smuggling. Thanks to a joint venture with the United Arab Emirates, the funds are now repatriated into the Congolese banking circuit, improving the transparency of transactions. Artisanal mines in the province of South Kivu have been the main source of exported gold, ending the practice of illegal appropriation of mineral resources by neighboring countries. Although there are criticisms of the Emirati government’s involvement in the company responsible for the exports, the company says it excludes minerals from sites under the control of armed groups. The next step for the DRC is to develop gold refining capacity locally and certify the ore locally, but this remains a long-term goal. Artisanal gold exports mark a turning point in the valorization of Congolese natural resources in a transparent and responsible manner.

The official visit of South African President Cyril Ramaphosa to the Democratic Republic of Congo (DRC) marks an important step in strengthening economic and diplomatic cooperation between the two countries. This close collaboration offers opportunities for growth and mutual development, thus contributing to the prosperity of the region and to African integration. The DRC and South Africa discussed ways to advance the African Union’s Agenda 2063 and strengthen strategic cooperation. This economic collaboration is crucial given the DRC’s abundant natural resources and South Africa’s position as the continent’s leading economy. Beyond economic cooperation, the two countries share common interests in terms of peace and stability in Africa and collaborate regularly within the African Union and other regional bodies.