Masimanimba territory in the Democratic Republic of Congo is preparing for crucial elections on December 15. The CENI has expressed satisfaction with the responsible conduct of candidates during the election campaign. 302 candidates are running for the five seats to be filled in the national parliament. The rerun of elections in the Masimanimba and Yakoma constituencies follows the cancellation of previous elections. Voters are urged to cast their ballots peacefully to strengthen democracy in the DRC.
Category: Economy
The Democratic Republic of Congo plans to raise 396.15 billion Congolese Francs in 2025 to finance key economic and social development projects. This fundraising will be done mainly through the issuance of Treasury Bonds, underlining the government’s commitment to ensuring transparent financial management. This initiative aims to diversify sources of financing and strengthen the country’s capacity to achieve its long-term objectives.
Summary: The Government of the Democratic Republic of Congo issues Treasury Bonds to the Central Bank of Congo for an amount of 15.70 billion Congolese Francs. This measure aims to securitize the BCC’s claim on the public treasury, strengthening public debt management and collaboration between the country’s financial authorities. This initiative demonstrates financial transparency and commitment to ensuring economic stability to promote the country’s sustainable development.
The article highlights the new strategy for controlling mineral resources in the Democratic Republic of Congo, called “Fatshimétrie”, where the Congolese state directly participates in mineral sales. This initiative aims to strengthen transparency, ensure a better return of mining revenues to the national economy and promote inclusive economic growth. This innovative approach marks a paradigm shift in natural resource governance, underlining the Congolese government’s commitment to responsible exploitation and sustainable development.
The Minister of Budget of the Democratic Republic of Congo, Aimé Boji Sangara, emphasizes the need to rationalize common expenditures, with an emphasis on the management of water and electricity resources to strengthen state-dependent enterprises. By freeing up funds allocated to unpaid receivables, the State can invest in key projects for the socio-economic development of the country, thereby supporting economic growth. This proactive approach aims to transform financial constraints into opportunities to strengthen the capacities of public enterprises, demonstrating the government’s commitment to responsible resource management to promote the overall economic development of the country.
The article explores the critical importance of batteries for electric cars in Europe and highlights the challenges facing the automotive industry. Turbulence and plant closures threaten European competitiveness in the face of global competition. EU intervention and innovation efforts are crucial to preserve the continent’s industrial sovereignty. Europe must invest in research and development to remain a leader in the electric car market and seize the opportunity to become a major player in the electric revolution.
The article highlights the crucial importance of the agricultural sector for the development of the Democratic Republic of Congo, highlighting recent government initiatives to support local farmers. Denise Muluka, from the NGO EYTHAN, encourages Congolese to invest in agriculture to boost the national economy and ensure food security. The presidential speech emphasizes that agriculture is essential for the future of the country, calling for a change in mentality and optimal exploitation of agricultural resources. This approach represents a unique opportunity for the DRC to strengthen its economy and ensure a prosperous future for all.
Summary: The company Énergie du Nord-Kivu (ENK) stands out for its commitment to the supply of energy in Butembo-Beni, in the Democratic Republic of Congo. Thanks to the synchronization of the Ivugha and Talihya power plants, subscribers now benefit from a stable power supply. The CFO, James Vanhoute, highlighted the efforts made and the fruitful collaboration with Italian experts. ENK is transparent in addressing the issue of meter maintenance costs and considering a future reduction of these costs. The company emphasizes the prevention of power outages, encouraging people to contact its services before cutting down trees near power lines. ENK is thus committed to providing a quality service, while contributing to the socio-economic development of the region.
The hydrocarbon sector in Beni at the end of 2024 is facing major challenges related to economic operators acting illicitly, leading to financial losses for the public treasury and unfair competition. The head of the urban hydrocarbons office, Kalonda Kalubaya, issues a warning to illegal operators to comply with the law by January 2025. A delegation of oil experts is deployed to identify the flaws in the system and provide solutions. The authorities must remain vigilant, encourage the regularization of operators and sanction fraud to ensure a fair business environment and promote sustainable economic development in Beni.
NATO Secretary General Mark Rutte’s urgent call highlights the critical importance of investing in European security to counter today’s threats. Member countries must increase their defence spending to ensure collective security, in the face of hostile actors such as Russia and China. The crisis in Ukraine in 2022 has highlighted the urgency of enhanced cooperation within NATO to ensure stability in the region. Promoting transatlantic cooperation is imperative to ensure Europe’s long-term security and stability.