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DRC

TRADEX begins operations in DR Congo

The oil giant TRADEX, a subsidiary of the Société Nationale des Hydrocarbures (SNH) of Cameroon, is expanding its activities in the Democratic Republic of Congo. With a share capital of...
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Tradex extends ambition to the DRC

Cameroonian hydrocarbon giant Tradex is preparing to invest in the Congolese market. This expansion is part of an ambitious development strategy that has already borne fruit in several countries in...
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DRC Central Bank maintains rates with positive Economic Outlook

The Central Bank of Congo (BCC) decided to keep its key rate unchanged at 25% following a meeting of its Monetary Policy Committee held on Friday May 31, 2024. Under...
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Budgetary reforms envisaged in the DRC with arrival of New Government

Judith Suminwa inherits from Sama a certain revenue performance over the first four months of 2024 but pressures on security spending, but not only, remain high. For the IMF, a...
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Major Funding Support Announced for Central Africa’s Priority Projects at Upcoming Paris Roundtable

In a significant development, the French Development Agency (AFD) and the European Investment Bank (EIB) have given their preliminary approval to back the upcoming Paris Roundtable. This event, organized by...
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DRC Primary exports at 5%

Engaged in the African Continental Free Trade Area (AfCFTA), the DRC will not be able to take full advantage of it for commercial purposes unless measures are taken to reverse...
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DRC’s Extractive sector at the heart of the country’s GDP

In figures, this economic growth was only 1.7%, whereas it had crossed 4.4% in 2019. This low growth rate was possible with the performance recorded on the mining site in...
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DRC records grim performance in 2021 Budget

The General Inspectorate of Finance (IGF) reports poor public revenue mobilization during this period. More worryingly, the situation is not set to improve with the latest measures adopted by the...
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Congolese business magnet Katumbi embraces Agriculture, invests $20 million

Mashamba is also a flour mill that collects the harvested corn, then grinds it and packaging it in 25 kg flour sacks. Mashamba flour is consumed in the Katanga area...
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DRC Central Bank Governor cautions Prime Minister to initiate economic reforms

Sama Lukonde, affirms the Governor of the BCC, "must bet everything on the necessary reforms which should significantly increase the mobilization of public revenues in order to cope with the...
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DRC Monetary Policy to remain prudent in 2021

All the efforts supported by the Bretton Woods partners and the African Development Bank (AfDB) in terms of budget support did not make it possible to avoid a contraction in...
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DRC Economy registers 1.7% drop in 2020

In addition, the twenty-page report pays particular attention to the foreign trade situation in the sub-region. This shows that France has a weak presence in the country, for example, a...
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Congo and the DRC sign agreement to coordinate Telecommunication frequencies

According to the terms of this document drawn up during the workshop of experts from the two countries on the issue of coordination of frequencies at the borders, on 19...
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African Development Bank secures support funds for CEMAC countries and the DRC

Support for health structures will be provided for the management of cases, particularly severe cases. Support for the resilience of health systems and populations in Chad, the DRC and the...
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