Facebook Bankable LinkedIn Bankable
Twitter Bankable WhatsApp Bankable
Bankable
Bankable

MOST READ

African Economies

Transforme Project: Lubumbashi Seeks Inclusion

Transforme Project: Lubumbashi Seeks Inclusion

A week ago, Ahmed Mukuna, the quaestor of the Haut-Katanga provincial assembly, led a delegation to a Coordination Unity of the Transforme Project. Mukuna went to find out why Lubumbashi was excluded from the program. This initiative, which supports small and medium-sized enterprises (SMEs), overlooked the capital of Haut-Katanga, despite its participation in the pilot phase of the project, the PADMPME.

Alexis Mangala, the project's National Coordinator, explained that the financing agreement signed with the World Bank in June 2022 dictates which towns will benefit. Currently, only Bukavu, Bunia, Goma, Kananga, Kinshasa, Matadi, Mbuji-Mayi, and the Kasangulu-Muanda Corridor are included.

During the visit, the Haut-Katanga delegation said it would keep pledging its case with the Minister of Finance and the World Bank. They emphasized that this support is crucial for local SMEs, which have protested against the exclusion.

This appeal comes at a time when several cities involved in Transforme have been affected by renewed tensions following an offensive by M23 rebels and their Rwandan allies that began in January 2025. Bukavu and Goma, the capitals of South and North Kivu respectively, are currently under rebel control, threatening economic activities. Meanwhile, Lubumbashi is stable and seems like a viable alternative for the project. However, incorporating Lubumbashi into Transforme would necessitate a revision of the existing financing agreement with the World Bank.

The program directly supports businesses and aims to foster a sturdier entrepreneurial ecosystem. Beneficiaries will be selected through a business plan competition, with three competitions planned between September 2024 and June 2027 to support 800 SMEs and establish 3,050 new businesses. The initiative also aims for 60% female participation among winners and partly focuses on climate resilience.

This article was initially published in French by Boaz Kabeya (intern)

Edited in English by Ola Schad Akinocho

Subscribe to our newsletter (free)

Receive daily news and analyses from the Bankable editorial team.

 
 
dr-congo-yogo-dubois-launches-rego-a-fintech-solution-fostering-inclusive-finance
Yogo Dubois, a fintech entrepreneur from the Democratic Republic of Congo (DRC), is the Founder and CEO of Rego, a fintech startup focused on...
davos-2025-john-kerry-strongly-supports-kivu-kinshasa-green-corridor-project
Former US Secretary of State John Kerry strongly supports the Kivu-Kinshasa Green Corridor Project in the Democratic Republic of Congo (DRC). Kerry backed...
drc-entreprise-generale-de-cobalt-secures-2m-to-foster-responsible-artisanal-mining
The United States Agency for International Development (USAID) has backed a project to professionalize the artisanal copper-cobalt supply chain in the...
drc-employers-federation-concerned-by-recent-daily-minimum-wage-increase
The Employers Federation of Congo (FEC) recently expressed concerns over doubling the daily minimum wage to $5 in the Democratic Republic of Congo (DRC)....

African Economies

MOST READ

Please publish modules in offcanvas position.