Facebook Bankable LinkedIn Bankable
Twitter Bankable WhatsApp Bankable
Bankable
Bankable

MOST READ

African Economies

CNSS Guarantee Failure Keeps Congo Airways Grounded – Bemba

CNSS Guarantee Failure Keeps Congo Airways Grounded – Bemba

The Congolese national airline Congo Airways remains grounded after the National Social Security Fund (CNSS) failed to provide a required bank guarantee, Transport Minister Jean-Pierre Bemba said on Nov. 26.

Bemba said the airline’s revival plan, approved by the government in July 2024, hinged on securing financing from local banks. “Unfortunately, the CNSS, which was supposed to provide the bank guarantee, did not do so. That is why Congo Airways has not yet been able to resume operations,” he told a panel at the Makutano transport forum.

The CNSS, which holds a 31% stake in Congo Airways, was required to guarantee the loan. Without that guarantee, the financing could not be secured.

Founded in 2014, Congo Airways has seen its fleet shrink from four aircraft to two operational planes. Recurrent technical problems forced the airline to suspend all operations in July 2024. After months of negotiations, the company said in a Nov. 3 statement that it would resume flights from Nov. 10. A new management team was appointed in January 2025.

Operations, however, never restarted. Local media report that the airline’s air operator’s certificate is due to expire in December. Such an expiry would severely undermine its viability, resulting in the loss of flying rights, the cancellation of insurance cover and the invalidation of contracts. The airline would then face a lengthy and costly recertification process.

Employees have repeatedly raised internal and public warnings about the company’s financial and social situation. According to several sources, nearly 450 jobs are now at risk.

In late 2024, the government partnered with Ethiopian Airlines to launch a new carrier, Air Congo. Bemba praised its performance, saying its load factor ranges between 80% and 100%. He added that the fleet will be expanded next year with three additional aircraft.

Boaz Kabeya

Subscribe to our newsletter (free)

Receive daily news and analyses from the Bankable editorial team.

 
 
kawtar-raji-asmex-the-drc-is-a-demanding-market-that-takes-time-to-build
The Moroccan Confederation of Exporters (ASMEX), which represents over 600 companies, recently concluded a high-level trade mission to Kinshasa from...
yannick-mbiya-a-15-year-insider-named-to-lead-trust-merchant-bank
Trust Merchant Bank (TMB), a subsidiary of Kenya’s KCB Group, has appointed Yannick Mbiya Ngandu as managing director, according to a statement released...
uba-appoints-michael-kayembe-as-ceo-of-dr-congo-subsidiary
UBA appointed Congolese banker Michael Kayembe as chief executive of its DR Congo subsidiary. The move followed UBA’s strategy to localize management...
alain-lubamba-says-drc-u-s-deal-represents-a-civilizational-opportunity
A strategic minerals partnership signed on December 4, 2025, moves into its operational phase. Alain Lubamba says the deal could help the DRC convert...

African Economies

MOST READ

Please publish modules in offcanvas position.