Facebook Bankable Twitter Bankable LinkedIn Bankable
Instagram Bankable Youtube Bankable WhatsApp Bankable
Bankable
Bankable

MOST READ

African Economies

DRC Could Spend $7.7B on Investments in 2025

DRC Could Spend $7.7B on Investments in 2025

The government of the Democratic Republic of Congo (DRC) could dedicate around $7.7 billion or 21,964.7 billion Congolese Francs to investments in 2025. The figure is set under the 2025 draft finance law, under review by the parliament. The figure is up 18.2% compared to 2024, and it makes up 48.7% of the total budget, the largest share.

This investment plan aims to boost the DRC's economy by creating jobs, improving access to essential services like schools and hospitals, meeting growing electricity needs, and enhancing connections between provinces.

The government counts on its own revenues to fund this budget; the revenues are forecast at  9,828.4 billion Congolese Francs. Provinces should contribute over 3,200 billion francs, and around 1,000 billion francs are expected from renegotiating the Sicomines mining contract. The central government will handle investments totaling 2,739.4 billion francs, while international donors are expected to provide the remaining 12,136 billion francs.

The forecast, if concretized, will boost the DRC’s wealth since public investments count towards GDP. The government also plans to use a 10% levy on national revenues to invest in agriculture and create more job opportunities outside the mining sector.

It is worth noting that public investment in the DRC still depends heavily on foreign lenders. As of June 30, 2024, most external debt is held by lenders like the African Development Bank, IMF, and World Bank. The DRC continues to seek dollar resources to strengthen its economy and stabilize its currency.

Another area for improvement is balancing spending between project implementation and direct funding for projects. A July 2024 IMF report noted that spending on salaries and operating costs sometimes exceeds spending on infrastructure itself.

Foreign donors will keep playing a key role in 2025. The government is in talks with the IMF for new agreements worth about $2.5 billion. The previous agreement from 2021 to 2024 provided $750 million for development plans. The World Bank has also announced projects, including $1 billion for the Grand Inga project and a $500 million connectivity program expected to be approved in April 2025.

Georges Auréole Bamba

Subscribe to our newsletter (free)

Receive daily news and analyses from the Bankable editorial team.

 
 
drc-reverend-sister-rita-mboshu-kongo-recognized-for-work-empowering-congolese-girls-and-women
The Reverend Sister Rita Mboshu-Kongo, from the Democratic Republic of Congo (DRC) and a member of the Congregation of the Daughters of Mary Coredemptrix,...
drc-authorities-ramp-up-efforts-to-boost-agricultural-sector-including-an-upcoming-major-project
The Congolese Minister of Rural Development, Muhindo Nzangi Butondo, was in Gbadolite, North Ubangi, on October 28, 2024. During his visit, he discussed a...
drc-ministry-of-water-accelerates-digitalization-efforts-with-smart-meter-project
Goma, the capital of North Kivu, will be one of the first cities in the DR Congo (DRC)to receive smart meters. The initiative is part of a broader...
investment-world-bank-representative-promotes-drc-at-recent-rebranding-africa-africa-forum
During the recent Rebranding Africa Forum in Brussels, Albert Zeufack, the World Bank representative in the Democratic Republic of Congo (DRC),...

African Economies

MOST READ

Please publish modules in offcanvas position.