Category: Economy

The launch of urban road construction works in five municipalities of the city of Mbuji-Mayi, in the Democratic Republic of Congo, has been successful. This news was welcomed with joy by the inhabitants of the region, who hope that these works will improve the fluidity of traffic and connectivity between municipalities. They also ask that the construction be carried out according to the required standards in order to obtain a sustainable infrastructure. This advance in infrastructure will help stimulate the local economy and improve the quality of life for residents. The involvement of local and national authorities demonstrates their commitment to the development of the country. The inhabitants are impatiently awaiting the end of the work to benefit from the advantages of this new road infrastructure.

The Democratic Republic of Congo (DRC) is facing a major economic crisis with the rapid depreciation of its currency, the Congolese franc, against foreign currencies. This has driven up the prices of basic necessities and makes life difficult for people who live on less than $2 a day. The government has taken steps to curb depreciation, but deeper reforms will be needed to emerge from this crisis and build a more resilient 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.

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