The recent exchange between Glencore’s CEO and Congolese authorities raises major issues in terms of investment and social impacts in the DRC. Glencore, a key player in the mining sector, demonstrates its commitment to the country through its operations and economic contributions. The company’s massive investments and its role in the social development of local communities underline its social and environmental responsibility. This meeting highlights the importance of cooperation between international economic actors and national authorities for sustainable and equitable development in the DRC.
Category: Economy
The meaningful exchange between Glencore Group CEO, President Félix Tshisekedi and Judith Suminwa in Kinshasa addressed key topics such as the development of mineral resources in the DRC. This meeting underlines the importance of dialogue and collaboration for sustainable and equitable economic development, in a complex context of diplomacy and economics.
Egypt is planning a major restructuring of the corporate market for 2025, with the sale of 10 companies, including four owned by the military. The share offerings will be made both through direct investment and on the stock exchange, following the example of United Bank. The move is part of the International Monetary Fund’s demands to limit the role of state institutions in the Egyptian economy. Fatshimetrie is closely following these economic and financial developments.
In the heart of Lagos, the Food Bank embodies solidarity in the face of Nigeria’s food crisis. Despite economic challenges, volunteers provide vital support to those most in need. The initiative fights hunger and food waste, offering hope for betterment. To solve this crisis, economic reforms and investment in agriculture are essential. Together, through solidarity and compassion, we can build a brighter future for all.
The President of the Democratic Republic of Congo, Félix-Antoine Tshisekedi Tshilombo, has announced initiatives to support local farmers and strengthen national food production. Measures such as exemptions for the import of agricultural equipment aim to stimulate the economy and promote food security. The government has put in place an ambitious program to support actors in the agricultural sector, with significant investments and aid for producers. The objective is to make the DRC an agricultural leader in Africa, by promoting its agricultural potential and offering economic development opportunities for all.
At the heart of the economic challenges facing the Democratic Republic of Congo are major challenges related to budget management. In November 2024, an alarming cash deficit was observed, prompting the authorities to mobilize resources and consider structural reforms to optimize tax collection and reduce expenditure. The need for transparent and responsible management of public finances was highlighted, in a context marked by volatile commodity prices and dependence on mining revenues. The implementation of decisive measures to restore budgetary balance, ensure the sustainability of financial commitments and promote economic stability and sustainable growth is imperative to ensure a solid and prosperous financial future for the country.
President Félix Tshisekedi of the Democratic Republic of Congo has announced economic growth of 6%, above the sub-Saharan African average. Despite this, inflation remains a major challenge, leading to a depreciation of the Congolese franc. The government has committed to controlling inflation, stabilizing the currency, and improving the macroeconomic framework. Measures have been put in place to support economic growth, with close collaboration between the government and the Central Bank of Congo. Despite the challenges, the DRC appears to be resilient and thriving, thanks to efforts made for sustainable and inclusive development.
The city of Kinshasa, plagued by monstrous traffic jams, is facing a critical situation that impacts the daily lives of its residents. President Tshisekedi has become aware of the scale of the problem and is looking for solutions to relieve congestion on the city’s roads. Traffic jams become even more chaotic during the rainy season, highlighting the urgent need to act to improve traffic flow. Despite the attempt at regulation with alternating one-way traffic, persistent problems remain. It is essential to rethink urban planning and transport infrastructure to resolve this problem sustainably and make Kinshasa a more pleasant place to live for all.
The easyMarkets Trade with the Champions competition offers traders an exceptional opportunity to test their skills and win top prizes. From 2nd December 2024 to 15th January 2025, new and experienced traders will be able to compete for exciting prizes, including a top prize of $5,000 in trading credit, a trip to Madrid and VIP tickets to a Real Madrid match. The competition, supported by easyMarkets, aims to celebrate trader success and promote excellence in trading.
The Congolese State’s financial report for December 2024 reveals a worrying imbalance between revenues and expenditures, highlighting the need for urgent financing. Despite efforts to strengthen tax revenue mobilization and limit public expenditures, adjustments are necessary for sound financial management. Transparency, good governance and the fight against fraud remain priorities to strengthen the confidence of citizens and investors. The vigilance and responsiveness of the Ministry of Finance will be essential to anticipate economic developments and ensure the country’s financial stability.