Facebook Bankable LinkedIn Bankable
Twitter Bankable WhatsApp Bankable
Bankable
Bankable

MOST READ

African Economies

DRC President in New York for 79th UN General Assembly

DRC President in New York for 79th UN General Assembly

President Félix Tshisekedi arrived in New York on September 22, 2024, to attend the United Nations General Assembly with other world leaders. The Democratic Republic of Congo (DRC) is looking forward to its election to the Human Rights Council on October 9 and is also a candidate for one of two non-permanent seats on the Security Council reserved for Africa.

During the assembly, President Tshisekedi plans to address the security situation along the DRC's eastern border, a region plagued by conflict. This insecurity not only leads to loss of life but also hampers the country's ability to attract investment for development. Some talks may also cover the AGOA summit, the U.S.'s main tool for boosting trade with Africa.

Economically, the DRC is important in the fight against climate change due to its recent discoveries of copper and cobalt, essential minerals for the global electricity economy. However, funding for the long-standing Inga 3 dam project remains uncertain, despite interest from several development banks expressed in July 2024.

Ahead of Tshisekedi’s speech, DRC’s Minister for the Environment Ève Bazaiba called for a reform of the global financial system to help countries like hers access funding for sustainable development. She highlighted the importance of the Congolese forest basin in global carbon capture and urged greater recognition of efforts to preserve this ecosystem.

The 79th UN General Assembly is taking place amid ongoing discussions about reforming the Security Council, a change long sought by African nations. A key agenda item will be adopting terms for international tax negotiations, an initiative strongly supported by African countries, including the DRC.

Georges Auréoles Bamba

Subscribe to our newsletter (free)

Receive daily news and analyses from the Bankable editorial team.

 
 
regulator-sues-avz-for-non-disclosure-in-drc-s-manono-lithium-dispute
The Australian Securities and Investments Commission (ASIC) said on Tuesday, Nov. 11, that it had initiated Federal Court proceedings against AVZ...
after-acid-spill-in-lubumbashi-regideso-moves-to-calm-water-quality-fears
The population of Lubumbashi has expressed concern about water quality after pollution was reported in several neighborhoods following an acid effluent...
sattel-international-gets-approval-for-6-mw-solar-plant-with-storage-in-luozi
The Electricity Sector Regulatory Authority (ARE) issued on October 24, 2025, a compliant opinion to Sattel International for obtaining an independent...
bii-eyes-telecom-and-postal-investment-opportunities-in-the-drc
The British International Investment (BII), the development finance institution of the United Kingdom government, is evaluating investment opportunities...

African Economies

MOST READ

Please publish modules in offcanvas position.