Wednesday, 13 November 2019
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Improving the Business climate in DRC, "the indicator allowed to build improved":   To meet the requirements of flexibility and speed in the process of obtaining the building permit, the Government through the Ministry of Planning and Housing has taken a Ministerial Decree No. CAB / MIN-UH / 023/2018 of the May 31, 2018 amending                                                    Official launch of the activities of the 2th edition of the fair International Agricultural of Kinshasa: Under the initiative of the Provincial Ministry of Agriculture of Kinshasa, the official launch for the 2nd International Agricultural Fair of Kinshasa took place on Wednesday June 14, 2017 at the KEMPISKI FLEUVE CONGO HOTEL. During the ceremony, several speeches were                                                    The Democratic Republic of Congo presents the Doing Business 2018 reforms: Under the patronage of His Excellency BAHATI LUKUEBO, Minister of State, Minister of Planning, the National Agency for the Promotion of Investment organized on Tuesday, May 30, 2017, at  Pullman Hotel, a workshop presenting the 2018 Doing Business reforms. Six indicators                                                    “The time for Africa is now – we can’t slow down, we must quicken the pace”: Adesina: India is the perfect place for the African Development Bank to focus on the transformative power of agriculture, Bank President Akinwumi Adesina has told the African, Indian and international press. “India is an inspiration to Africa, in that its Green                                                    Burey Gold expands in Kilo-Moto greenstone belt: Mining company Burey Gold inked an agreement with Emirati firm Medidoc FZE to buy a 60% onterest in Tendao project which comprises five exploration licences covering a total of 1,456 km², in North-Western part of DR Congo. The deal will                                                    DRC will take part at The Sixth Tokyo International Conference on African Development (TICAD VI) Summit in Nairobi: The Democratic Republic of Congo will take part at The Sixth Tokyo International Conference on African Development (TICAD VI) Summit in Nairobi, Kenya's capital. The delegation led by the Managing Director of the National Vocational Training Institute (INPP), Maurice Tshikuya                                                    kwilu: sensitization of executives of the public administration on the improvement of the business climate: Executives of the public administration and the private sector in the province of Kwilu and particularly those from Bandundu city, the capital of the province have been sensitized for two days on the reforms implemented to improve the business and                                                    Need to adapt the geological map of the DRC to the understanding of new minerals: Mr. Ikoli, Deputy Chief of Staff of the Minister of Mines, noted the need to adapt the old geological map of 1972 to the understanding of new minerals at the opening of the validation workshop of the new geological map                                                    FIKIN opens its doors this Saturday 16th of July 2016: The fair activities of Kinshasa for the year 2016 will start on Saturday, July 16 and close on 15th August, announced the Director General of the International Fair of Kinshasa (FIKIN), Eugene Bokopolo. The N ° 1 of FIKIN engaged with the                                                    The Government has committed to improving the income of farmers for agricultural growth of at least 6%: The Government of the Democratic Republic Congo is planning to sustainably promoteagricultural and food sectors in priority and develop the agri-business between 2015 and 2016. The aim is to improve farmers' incomes and achieve an agricultural growth of at least 6%                                                   

Economic and financial situation of the DRC by December 24, 2015

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The economic literature indicates that when economists want to assess the health of a country, they consider three basic variables namely: GDP growth: the rate of annual change in production; the unemployment rate: the share of the workforce in the economy that has no job and is looking for one; the inflation rate: the rate of increase over time the average price of economic goods.

The Government of the Republic through the "strategic Troika" of each Monday of the week does this exercise by having a serious look at the health of our country through the scrutinising of indicators for the sector: real, public finance, external, monetary and of economic development.

Note that economic governance is no longer a dream for the Government of the Democratic Republic of Congo but rather a virtue that can be observed in everyday life. That observance causes as little snowball effects in the attractiveness and competitiveness of the country in terms of domestic and foreign investments.

Regarding the rate of economic growth, the target of 2015 was at 10.3% against 9.5% of achievement in 2014 and 8.5% in 2013. The estimate based on achievements by late December 2015 was at 7.7%. Achieving the above objective of 10.3% is no longer possible due to the current global context marked by continuous disruption of raw material prices which closely depends on the Congolese economy.

At the real market level, and with the exception of diamond and crude oil, the DRC experiences an increase in production volume of key products between 2014 and 2015.

Economic data by late September 2015 compared to those of 2014 indicate that copper production knew a positive variation of 19,446 tons, that is, 2.5%. For other products, the variations are as follows: cobalt:13.8%; Zinc:-4.9%; Diamond:-4.8%; Gold:202.2%; Crude oil:25.49%; local Cement and Electricity: 1.172%.

We also note an expansion of gold activities resulting from new investments implemented in this sector particularly by KIBALI Gold and Banro Corporation. The same upward trend is observed in the cement subsector with the renewal of production equipment by Cilu, the Interlacs and new investments on the part of some Congolese and foreign operators in the provinces of North-Kivu and Kongo Central.

Regarding the stability of domestic prices, the economy of the DRC is characterized by inflation control even expected inflation. Its fluctuation is very marginal. On December 24, 2015, the inflation rate was 0.022% (- 0,001). On the year, the inflation rate reached 0.788%. The projections of the annualized inflation rate 0.803% are at a target of 3.5%.

The overall balance of confidence opinions of business leaders on November 30, 2015 knew a decline of 5.1% against 8.4% on October 31, 2015, compared to the 2014 average estimated at 22%, it emerges a significant deterioration in the confidence of almost all business leaders and following the slowdown in economic activity and the drastic decline of raw material prices internationally, compounded by uncertainty of the positive evolution of raw material prices.

In terms of HDI, the DRC has made significant progress by occupying the 176th position with 0.433 as Human Development Index. Compared to 2011, the poverty index is 63% during the period 2010 to 2015. This therefore improved the life expectancy of the population estimated at 51 years and the multidimensional living standard 127.5.

Regarding monetary policy, it is worth pointing out that on December 23, 2015 the credit to the economy was 2,061,067milliards CDF. At the same time, the outstanding BCC Warrants, the reserve required and refinancing outstanding are respectively in billions of CDF 47.001,235,130 and 40.468.

At the money market, the rate of the Central Bank of Congo remains at 2%, with a positive margin of 1.23 point. The coefficient of mandatory reserves is currently at 8%.

Regarding the foreign exchange market up to 23 December 2015, the national currency underwent a depreciation of 0.013% to the indicative, and a positive change to the parallel segment, or 0.38%. Exchange rates in both markets (official and parallel) were respectively 927.50 CDF / USD and 934.75 CDF / USD. Regarding the external accounts of the State, international reserves to December23, compared to November 27, 2015, declined to USD 46.27 million and are situated at USD 1,480.62 million, covering 6. 11 weeks of imports of goods and services.

As regards public finances, the report of the Strategic Troika of December 23, 2015 indicated that the financial transactions of the State indicate a deficit of 169.40 billion CDF, from 217.59 billion revenues and CDF spending of 387 billion CDF. On the year, the general Treasury account has a deficit of 36.672 billion CDF in domestic fiscal balance and CDF 27.94 billion in general consolidated budget balance.

The recent economic and financial situation of DR Congo by December 24, 2015 is illustrated in a schematic and detailed way in the following table : Download

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