DRC: Tourism Minister Calls for Greater Investment in Sector in Line with Diversification Goal

The tourism sector in the Democratic Republic of Congo (DRC) is poised for significant growth, but it urgently needs increased attention and funding. This...

DRC: Tysia Mukuna and Her Coffee Brand Win GoGettaz Africa Priz

Tysia Mukuna became famous in DRC with her local coffee brand. The Congolese entrepreneur recently won the prestigious Impact Award at the 2024 GoGettaz...

Minister Maliba Presents Key Digital Projects to Chinese Investors at DRC-China Economic Forum

Six key digital projects could drive growth and draw Chinese investments in the Democratic Republic of Congo (DRC). Last week, a group of Chinese...

Business Climate: DRC’s Ministry of Finance Holds Three-day Workshop to Streamline Business Creation Process

On September 4, 2024, Finance Minister Doudou Fwamba Likonde opened a 3-day workshop focused on improving the business creation process in the DRC. The...

DRC: Health Minister Unveils $49 Million Plan to Combat Mpox Outbreak

In recent weeks, mpox, formerly known as monkeypox, has been spreading in the Democratic Republic of Congo (DRC). As of August 23, 2024, the African...

minister-of-agriculture-calls-for-diversification-in-kasai-mining-focused-region

Minister of Agriculture Calls for Diversification in Kasaï Mining-focused Region

Mutshail Mutomb, Minister of Agriculture and Food Security of the Democratic Republic of the Congo recently visited Mbuji-Mayi, in the Kasaï region, a...

DRC: Agricultural Budget Up 13% in 2025 Draft Finance Bill

In the Democratic Republic of Congo (DRC), the parliament is reviewing the draft of the 2025 finance bill. During the bill’s presentation to the deputies,...

DRC Set to Ratify $500M Loan Agreement with Gemcorp, a British Firm

On September 13, the Council of Ministers of the Democratic Republic of Congo (DRC) approved a draft ordinance that allows the ratification of a credit...

AfDB: DRC Needs $17 Billion per Year in Investments to Catch Up on High-Performing Developing Countries

The Democratic Republic of the Congo (DRC) needs to invest $17 billion annually until 2030 to "accelerate its structural transformation process and bring...

Foreign Exchange: In the DRC, Banks Processed 93.9% of Transactions, in Value

Foreign exchange transactions in the Democratic Republic of the Congo (DRC), where Congolese francs are primarily exchanged for US dollars, are on the...

DRC: Government to Leverage Social Media to Bolster Tourism Industry

The government of the Democratic Republic of the Congo aims to make the country a top international tourist destination by 2030. To attract 10 million...

Mpox Outbreak: DRC Gets 65,000 New Vaccine Doses from US and Gavi

The Democratic Republic of Congo (DRC) received 65,000 new doses of Mpox vaccines on September 10. They add to the 200,000 doses received over the past...

DRC: EU Funds Construction of Beni Economic Park in Northern Kivu Region

An economic park is being built in Beni, in the Northern Kivu region of DR Congo. The project was kicked off earlier this week. Backed by the European...

DRC: GECAMINES Lands its First Copper Buyers

Glencore, Mercuria Energy Group, and Trafigura Group will be the first to purchase copper from the GECAMINES, the DR Congo’s State-owned mining company....

Chinese Group Shangai Electric to Help Develop New Electricity Projects in the DR Congo

Shanghai Electric, a Chinese group active in the power sector, has teamed up with the Congolese Ministry of Electricity, on two key projects. Local media...

DRC Seals New Deal to Export over One Million Tons of Agricultural Products to China

The Democratic Republic of Congo will export over a million tons of agricultural products to China under a new deal. Congolese Minister of Foreign Trade,...

DRC: Chine Nouvelle Wants to Support Digital Transition of Agence Congolaise de Presse

Chine Nouvelle, a Chinese news agency, wants to contribute to the digital transformation of the Agence Congolaise de Presse (ACP). Last week, during the...

BUSINESS CLIMATE

Ivanhoe Mines to Replicate Kamoa-Kakula Development Model in Zambia

Canadian mining company Ivanhoe Mines, owner of the Kamoa-Kakula copper complex in the Democratic Republic of the Congo (DRC), wants to expand its...

DRC: Canal+ Pop Suspended for 45 Days

The Democratic Republic of Congo (DRC) has suspended Canal+ Pop for 45 days. The country’s communication and broadcasting high council (Conseil Supérieur...

on-september-4-2024-finance-minister-doudou-fwamba-likonde-opened-a-3-day-workshop-focused-on-improving-the-business-creation-process-in-the-drc-the-meeting-s-main-goal-was-to-ensure-the-respect-of-the-three-days-to-set-up-a-business-according

China-DRC Economic Forum Unveils Plans for New Chinese Economic Zone and $50 Billion Investment

The first China-DRC economic forum, held from September 2 to 4, 2024 in Beijing alongside the 9th China-Africa forum, brought together over 300 Chinese...

Housing: DRC Needs $132 Billion to Bridge Deficit (IFC)

The Democratic Republic of Congo (DRC) needs $132 billion to bridge its housing deficit, according to the International Finance Corporation (IFC). This...

DRC: Chinese Firm CMOC Commits to Adding 600MW to National Capacity within Two Years

Chinese copper and cobalt producer CMOC plans to install PV plants and solar farms in the DRC with a total capacity of 600 MW within 18 to 24 months. This...

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