Facebook Bankable LinkedIn Bankable
Twitter Bankable WhatsApp Bankable
Bankable
Bankable

MOST READ

African Economies

DR Congo: President Tshisekedi Committed to Better Financing Agriculture

DR Congo: President Tshisekedi Committed to Better Financing Agriculture

President Félix Tshisekedi called for greater investment in local agriculture during last week’s Council of Ministers. According to the council’s report, the leader’s call stems from "the scale of the food and socio-economic challenges and the urgency of action."

The Democratic Republic of Congo (DRC) faces several challenges relative to agriculture; including growing demand for staple foods, the necessity to protect household purchasing power, and economic diversification. In this context, the government is committed to accelerating agricultural development, reducing imports of basic foodstuffs, and reinforcing food security throughout the country.

The 2024-2025 agricultural campaign kicked off on October 17, in Kinshasa. On this occasion, provincial governors received improved seeds, fertilizers, farming equipment, and rolling stock. The move aims to better support local farmers and help them increase their output.

“To address recurring shortages of essential agricultural products, like corn, the President has instructed the Minister of State for Agriculture, and his cabinet, to assess government interventions supporting the ongoing agricultural campaign and to effectively prepare for the upcoming season, which begins in a few weeks,” the Council reported.

Greater Coherence

To rationalize resource allocation for various agricultural projects and programs currently being developed or implemented, President Tshisekedi announced a high-level meeting for early 2025. This meeting will gather key stakeholders and development partners to ensure "the completion of reflection on the coherence of all agricultural initiatives carried out by various ministries and structures attached to the Presidency of the Republic, as well as other state services."

Agricultural policies and related initiatives, including building agricultural feeder roads, have been central to the new government's actions since taking office. The private sector is also actively involved in several initiatives, including a project by Swiss company Mole Group in Central Kongo, which aims to invest close to one billion dollars.

The African Development Bank has provided over $265 million to develop agricultural skills, alongside funding from the World Bank and Agence Française de Développement. In its priority investment program for 2025-2028, the government plans to allocate approximately $265 million towards research, improving agricultural production, and developing predominantly agricultural rural areas.

This comprehensive approach reflects a commitment to enhancing food security and promoting sustainable agricultural practices in the DRC while addressing pressing socio-economic challenges plaguing the Congolese people.

This article was initially published in French, by Georges Auréole Bamba.

Edited in English by Ola Schad Akinocho

Subscribe to our newsletter (free)

Receive daily news and analyses from the Bankable editorial team.

 
 
cameroonian-economist-albert-zeufack-confirms-ambition-to-head-afdb-after-adesina
For months, Albert Zeufack has emerged as a potential candidate to head the African Development Bank (AfDB). However, he remained publicly silent in this...
inspiring-fifty-africa-awards-2024-trish-kalombola-among-top-50-women-in-african-tech
Trish Kalombola, President and CEO of TowerCo of Africa (TOA) DRC, is among the winners of the Inspiring Fifty Africa Awards 2024. She has been recognized...
drc-expected-in-early-2025-tradex-appoints-philipp-attang-as-managing-director-of-local-unit
Tradex, a subsidiary of Cameroon’s National Hydrocarbons Corporation (SNH), will enter the Democratic Republic of Congo (DRC) in early 2025. The...
bgfibank-drc-unit-operates-fine-says-group-ceo-henri-oyima
In an exclusive interview with Business in Cameroon (BIC), Henri-Claude Oyima, CEO of BGFIBank Group, discussed how the lender’s subsidiary in the...

African Economies

MOST READ

Please publish modules in offcanvas position.