Facebook Bankable LinkedIn Bankable
Twitter Bankable WhatsApp Bankable
Bankable
Bankable

MOST READ

African Economies

DR Congo: Minimum Daily Wage Doubled

DR Congo: Minimum Daily Wage Doubled

The minimum daily wage doubled in the Democratic Republic of Congo (DRC), from $2.47 (CF7,075) in 2028 to $5.07 (CF14,500). The related decree was signed by Minister of Labor and Employment, Ephraïm Nametu, on December 31, 2024.

Set to take effect in February 2025, the change includes provisions for an annual increase of "at least 3% for each full year of uninterrupted service spent by the worker in the same company," according to the ministerial decree.

This decision stems from a social dialogue initiated in October 2024 among the Ministry of Labor and Employment, employers' organizations, and workers' unions. During these discussions, stakeholders recognized the urgent need to revise the SMIG to address the widening gap between minimum wage levels and the rising cost of living.

The wage increase comes amid a notable decline in inflation, which dropped from 23.75% on December 31, 2023, to 11% on December 28, 2024, according to data from the Central Bank. Additionally, on December 10, 2024, the government announced reductions in prices for basic necessities ranging from 5% to 11%, aimed at alleviating economic pressures on households and enhancing purchasing power.

The DRC's standard workweek consists of five or about 20 working days per month. This translates to a potential monthly SMIG of around $101.5 (CF290,000). Now, the challenge will be ensuring this new wage structure is effectively implemented across all sectors.

Charlène N’dimon

Subscribe to our newsletter (free)

Receive daily news and analyses from the Bankable editorial team.

 
 
turkey-s-summa-breaks-ground-on-undisclosed-luano-airport-upgrade-in-dr-congo
• Project will add new terminal for 1 million passengers and expanded freight facilities.• Contract awarded via EPC+F model; financing terms not...
sacim-faces-suspension-over-700-000-unpaid-community-fees
The Anhui-Congo Mining Investment Company (SACIM) stands among three mining firms facing suspension after the Court of Auditors found them delinquent on...
access-bank-launches-25mln-sme-financing-plan-in-dr-congo
Access Bank RDC, the Congolese subsidiary of Nigeria’s Access Bank Group, is stepping up its support for small and medium-sized businesses (SMEs) with a...
bread-shortages-grip-inongo-as-wheat-flour-prices-soar-50
• Wheat flour cost jumps from 120,000 to 180,000 Congolese francs since late June.• Kinshasa supply disruptions trigger cascading shortages in Maï-Ndombe...

African Economies

MOST READ

Please publish modules in offcanvas position.