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Two new projects aimed at strengthening trade and boosting youth employment prospects along the Lobito Corridor were launched on March 17, 2026, in Kolwezi, in southeastern Democratic Republic of Congo. Funded by the European Union, the initiatives have a combined budget of 11 million euros. They are part of broader efforts to develop a strategic logistics route serving regional mining exports.

The first project, allocated 6 million euros, is designed to improve the flow of trade along the Lobito Corridor. It includes simplifying customs procedures, building institutional capacity and improving coordination among the authorities involved in goods transit. The program is being implemented with support from TradeMark Africa, an organization specializing in trade facilitation across the continent.

Youth Employment and Digital Skills

The second project, funded at 5 million euros, aims to improve youth employment prospects by developing digital skills. It includes training sessions, bootcamps and support programs designed to ease entry into a changing job market. This component is being implemented in partnership with technical partners, including German development cooperation.

The two projects are part of a coordinated European Union approach to strengthen value chains linked to critical minerals while supporting local economic development.

The Lobito Corridor connects the mining zones of southeastern DRC to port infrastructure in Angola and serves as a key route for copper and cobalt exports. Its development is seen as a strategic lever to improve the competitiveness of Congolese exports and promote regional integration.

Through these initiatives, the European Union aims to combine support for trade infrastructure with investment in human capital, as part of its Global Gateway strategy in Africa.

PM

Posted On mardi, 24 mars 2026 10:33 Written by

President Felix Tshisekedi has called for the creation of a “reliable, sustainable and transparent” mechanism to ensure regular funding for Congolese diplomats and the country’s missions abroad.

The directive was issued at the 83rd Cabinet meeting held on March 20, 2026, at the African Union City in Kinshasa. According to the official minutes, the president highlighted the strategic role of diplomats in defending national interests, promoting the country’s image, advancing international cooperation, attracting investment and protecting Congolese citizens abroad.

To advance the plan, Tshisekedi tasked the deputy prime ministers in charge of the budget and civil service, along with the ministers of foreign affairs, finance, and infrastructure, with accelerating a comprehensive assessment of the operating costs of all diplomatic missions and staff abroad. The review will cover salaries, rent, operating expenses and outstanding obligations to suppliers.

Based on this assessment, the ministers must propose a structured and secure mechanism, potentially involving commercial banks. The aim is to ensure the direct and regular payment of salaries for diplomatic and administrative staff, as well as rent for embassy offices and residences, operating costs, and payments to suppliers and service providers.

Persistent financial pressures

The mechanism is expected to ensure predictable payments, traceable financial flows and compliance with public finance rules. Tshisekedi said the initiative also seeks to restore the dignity of Congolese representations abroad and strengthen the country’s international image.

The directive comes as several Congolese diplomatic missions continue to face financial difficulties. According to AfricaNews, as of Feb. 17, 2026, salary arrears for December 2025 and January and February 2026 remained unpaid, while several rent payments were still frozen. The outlet also reported blockages in payment channels despite some administrative approvals, as well as checks linked to irregularities in certain lease contracts.

AfricaNews also reported that a technical arrangement introduced in 2024 by the ministries of budget, finance and foreign affairs to cover rental payments has faced resistance from landlords, partly due to payment terms and related tax implications.

Against this backdrop, Deputy Foreign Affairs Minister Noella Ayeganagato proposed a working session to clarify procedures and required documentation for processing payments, including invoices and bank details.

With the new directive, the government aims to move away from ad hoc and often chaotic management toward a more stable, transparent and secure system. Beyond administration, the issue affects the country’s international credibility and its ability to maintain the normal functioning of its diplomatic network.

Boaz Kabeya

Posted On mardi, 24 mars 2026 07:13 Written by

Congolese authorities are preparing a new turnaround plan for Congo Airways SA, including a sweeping overhaul of the state carrier’s governance, according to official minutes from the Council of Ministers’ March 20 meeting.

At that session, President Félix Tshisekedi reviewed findings from a joint investigative mission conducted in December 2025 by the General Inspectorate of Finance (IGF), the Superior Portfolio Council (CSP) and the Civil Aviation Authority (AAC). The mission examined complaints raised by a group of employees and assessed compliance, financial management and operational performance at Congo Airways.

Despite a government-backed emergency plan launched in September 2023, the airline continues to face serious operational failures that undermine any sustainable recovery, the minutes said. The situation exposes the state, as shareholder, to significant legal, financial and reputational risks.

The Council also warned that without tighter planning and stronger governance, the continued deterioration could jeopardize the fleet renewal process, particularly aircraft recently acquired by the National Social Security Fund (CNSS). Tshisekedi called for full transparency on how those aircraft were acquired, financed and capitalised within the company.

An updated plan

In response, the president instructed the deputy prime minister in charge of transport, the finance minister and the portfolio minister, under the prime minister’s supervision, to develop a revised recovery plan that is realistic and financially sound. The plan must include clear internal control mechanisms, stronger regulatory compliance, a full audit of human resources management and regular reporting to the state shareholder.

Those measures are expected to underpin a comprehensive overhaul of Congo Airways’ governance, with the aim of restoring management discipline, strengthening accountability, improving transparency in decision-making and aligning practices with international governance standards.

The reform should also establish a more effective management model based on performance, financial sustainability and operational efficiency, ensuring the airline’s long-term viability, competitiveness in the air transport market and protection of the state’s strategic interests. The minutes added that the government is expected to clear outstanding payments owed to Congo Airways so the airline can mobilize the resources needed for its recovery.

The company has already taken initial operational steps. In January 2026, Congo Airways launched a recruitment drive for nine captains, nine co-pilots and four maintenance technicians, following delivery of the first of three aircraft acquired by the CNSS.

While these steps indicate that recovery efforts are underway, the Council of Ministers’ conclusions make clear that any lasting turnaround will require a deeper overhaul of the airline’s governance, finances and operations.

Boaz Kabeya

Posted On mardi, 24 mars 2026 06:40 Written by

Shalina Healthcare held a groundbreaking ceremony on March 16, 2026, for a pharmaceutical manufacturing plant in the Kin-Malebo special economic zone, located in the N'Sele commune of Kinshasa. According to the Congolese Press Agency (ACP), construction is set to begin on May 1, 2026, with construction expected to last 20 months and completion scheduled for January 5, 2028.

ACP reported that the project is part of a broader strategy to strengthen local pharmaceutical production in the Democratic Republic of Congo. Group Managing Director Abbas Virji said the initiative aims to reduce the country's dependence on imports and improve access to medicines.

Shalina Healthcare says it has been present in the DRC for more than 40 years. According to its website, the company operates more than 30 distribution points in the country, including in Kinshasa, Lubumbashi, Goma, Bukavu, Matadi and Kisangani, and sells more than 200 prescription drugs, over-the-counter products and consumer health brands. It adds that it relies on WHO-approved production facilities in India and China for its international supply chain.

Local pharmaceutical production remains limited in the DRC, despite the existence of a few manufacturing units. Official records list Pharmakina, based in Bukavu, among the facilities authorized to produce locally, along with the Phatkin laboratory in Kinshasa. Pharmakina is a longstanding producer of quinine and cinchona-derived products. Other market players, such as Pharmans, focus on import, distribution and pharmaceutical promotion, with no reference to local manufacturing in their company information.

In this context, Shalina's project adds to existing local capacity and underscores efforts by Congolese authorities and private investors to expand domestic pharmaceutical production. Its location in the Kin-Malebo special economic zone is part of broader efforts to develop industrial infrastructure around Kinshasa.

Ronsard Luabeya

Posted On lundi, 23 mars 2026 18:38 Written by

The Democratic Republic of Congo and Angola will hold the third edition of their bilateral economic forum in Kinshasa from March 31 to April 3, 2026.

Vice-Prime Minister in charge of the National Economy Daniel Mukoko Samba announced the event at a Council of Ministers meeting on March 20. He also provided an update on preparations, according to the official report, which said the forum is part of ongoing efforts to strengthen ties between the two countries and build a more structured economic partnership between Kinshasa and Luanda.

The change reflects a revision to the original schedule. In October 2025, authorities said the forum would take place in February 2026 in Muanda, in Kongo Central province. The Congolese government has since moved the event to Kinshasa at the end of March.

The meeting follows several weeks of consultations between the two countries. On March 16, a preparatory session of the DRC-Angola interministerial commission was held in Luanda to review ways to boost bilateral economic cooperation. Statements issued after the meeting said discussions focused on a future agreement covering trade in goods and services, investment, transport, logistics, industrial cooperation and the development of border areas.

The Kinshasa forum is part of a process launched in 2023. The first edition opened in Kinshasa on July 31 that year, focusing on economic partnership for shared growth. The second was held in Luanda on November 13-14, 2023, and was led by then Vice-Prime Minister Vital Kamerhe.

Beyond economic ties, closer cooperation between the two countries has also extended to security. On February 12, 2026, they signed an agreement in Luanda to establish a Permanent Joint Defence and Security Commission aimed at formalising coordination on regional and border issues.

PM

Posted On lundi, 23 mars 2026 17:14 Written by

President Felix Tshisekedi has instructed sector ministries and the provincial government of Kongo Central to finalize cooperation agreements with the Agency for the Development and Promotion of the Grand Inga Project (ADPI-RDC) within 60 days. The directive was issued during a Council of Ministers meeting on March 20, 2026.

According to the official report, the relevant ministers must sign the agreements under the supervision of the prime minister. Copies must be sent to financial partners by April 3, 2026, at the latest. A progress report is expected within five days of that deadline. The move aims to speed up the establishment of the project's governance structure, after financing agreements with the World Bank took effect on Feb. 2, 2026.

At the same time, the head of state asked the government to urgently review the draft law on the Grand Inga project. The aim is for the Council of Ministers to adopt the text on March 27, 2026, before it is submitted to parliament by March 31. Officials describe the text as a key element in strengthening the project’s institutional framework and a requirement for mobilizing the financial support agreed with the World Bank.

Currently, the Inga 3 project is still in the preparation phase. The World Bank says its technical and financial details have not yet been finalized. Options under consideration could result in capacity ranging from about 3,000 MW to 11,000 MW, with total costs estimated at more than $10 billion.

To support this phase, a dedicated development program has been set up with World Bank backing. Part of a financing framework that could reach $1 billion, the program will be rolled out in stages. The first $250 million tranche was approved in June 2025. It aims to strengthen institutional capacity, prepare related infrastructure, and better manage the project’s economic, social and regional impacts.

Ronsard Luabeya

Posted On lundi, 23 mars 2026 16:44 Written by

Equity Bank Congo posted a net profit of 24.7 billion Kenyan shillings in 2025, up 58% from about 15.6 billion a year earlier, according to full-year results published by Equity Group Holdings on March 18, 2026. Based on the group’s implied exchange rate, this corresponds to roughly $191.5 million.

Equity Group’s consolidated net profit reached 75.5 billion shillings in 2025, or about $585 million, with the Congo subsidiary contributing around 32.7% of the total.

The Democratic Republic of Congo remains the group’s top profit-generating subsidiary, well ahead of Rwanda (5.4 billion shillings), Uganda (3.6 billion) and Tanzania (2.7 billion). Equity Group said the Congo unit’s performance was supported in part by a 17% expansion in its loan portfolio.

Equity Group’s share price on the Nairobi Securities Exchange has reflected this momentum. Between March 19, 2025 and March 19, 2026, the stock rose from 47.35 shillings to 76.50 shillings, a gain of about 61.6%.

At a hypothetical exchange rate of 129 shillings to the dollar, a $300 investment would have bought about 817 shares, worth roughly $485 a year later. Under the same assumptions, a $1,000 investment would have represented around 2,724 shares, with a value of about $1,615 at the same date.

Dividend raised 35%

The board has recommended a total dividend of 21.7 billion shillings, or 5.75 shillings per share, up 35.3% from 16 billion shillings, or 4.25 per share, paid for 2024.

Subject to shareholder approval, the dividend will be paid to shareholders on the register at the close of business on May 22, 2026. At the same exchange rate, the two hypothetical investors would receive about $36 and $121 in dividends, respectively.

In its macroeconomic commentary, Equity Group said growth across several East African economies, including the DRC, is being driven by a minerals boom. It cited higher prices for gold, copper and coffee, alongside lower oil and wheat prices and a weaker dollar, as supporting regional activity.

The bank added that despite heightened geopolitical risks linked to the conflict involving Iran, the impact on the regional economy should be temporary. It expects oil prices, after peaking near $100 a barrel, to fall toward the mid-$60s in the event of a ceasefire, helping stabilise trade and inflation.

Timothée Manoke

Posted On lundi, 23 mars 2026 16:13 Written by

The Democratic Republic of Congo signed a geological data partnership agreement with the European Union on March 19 in Kinshasa. Congo's mines minister, Louis Watum, and the EU delegation's chargé d'affaires ad interim in the DRC, Fabrice Basile, signed the accord, under which the country will participate in PanAfGeo+ Invest, an EU-funded program aimed at strengthening geological services and subsurface data management across Africa.

In the DRC, the program will consolidate the national geoscientific database, preserve historical archives, carry out geological surveys across several provinces and conduct studies in selected artisanal mining areas. The objective is twofold: to improve knowledge of Congo's subsoil and to better guide investment decisions.

PanAfGeo+ Invest builds on the original PanAfGeo program, which ran from 2016 to 2024 and trained nearly 1,750 African geoscientists. Through the new program, the EU plans to invest 45 million euros across seven African countries between 2026 and 2029 to support technological capacity and geoscience development. The DRC will receive nearly 11 million euros, or roughly a quarter of the total funding.

BRGM's Coordinating Role

For the Bureau de recherches géologiques et minières (BRGM), which coordinates the program, the aim is to support projects aligned with European partners’ priorities. In that context, the EU announced on March 19 an additional 6 million euros to complete the digitization of geological archives held at the Royal Museum for Central Africa in Tervuren, Belgium. The digitization project, which began in 2023, is one of the reasons Brussels has cited for opposing a separate digitization contract the DRC awarded to American company KoBold Metals covering the same archives.

The fate of the KoBold Metals contract remains unclear. "The country’s subsoil is part of its national heritage. All partners who help us better understand this heritage are welcome. We will work with them," mines minister Watum said.

These developments expand the EU’s access to geological data in the DRC, which has become a strategic lever in the international competition for critical minerals. Earlier this year, Spanish company Xcalibur also secured a $298 million contract for airborne geophysical mapping and geological survey work across the DRC.

Boaz Kabeya

Posted On lundi, 23 mars 2026 09:08 Written by

The Democratic Republic of Congo is undergoing an ICAO civil aviation security audit at N’djili airport in Kinshasa and Luano airport in Lubumbashi from March 18 to 30, 2026.

According to the Transport Ministry, the mission is part of routine international oversight of aviation security standards. ICAO experts met with Deputy Prime Minister and Transport Minister Jean-Pierre Bemba to discuss the objectives of the evaluation, coordinated with the Civil Aviation Authority (AAC/RDC).

The audit aims to assess compliance with international requirements, evaluate progress made in recent years and identify gaps.

AAC/RDC data show that the country’s compliance rate rose from 11.4% in 2006 to 50% in 2018 and 66.52% in 2023, indicating steady improvement in oversight.

Ahead of the audit, Bemba conducted an inspection at Luano International Airport in Lubumbashi on March 17, focusing on strengthening security systems, including the commissioning of new screening equipment acquired by the Régie des voies aériennes (RVA), the national airport authority.

Separately, RVA signed a 10-year partnership in May 2024 with British company Westminster Group PLC. The agreement includes the deployment of international experts, staff training and the modernization of security equipment at five airports: Kinshasa, Lubumbashi, Goma, Kisangani and Mbuji-Mayi.

The government has also launched an airport lighting program to improve operations. In November 2025, authorities announced the acquisition of around 350 kilometers of cables to equip several airport facilities.

The program is expected to expand airport capacity, particularly by enabling night operations, as many secondary facilities are currently limited to daytime flights.

Ronsard Luabeya

Posted On samedi, 21 mars 2026 18:17 Written by

The International Monetary Fund (IMF) held a three-day training session for economic journalists in Kinshasa from March 17 to 19, 2026, in collaboration with Ecofin Agency and Bankable. The initiative is part of broader efforts to strengthen the capacity of media professionals covering economic and financial issues in the Democratic Republic of Congo.

Fifteen journalists from various media outlets in the capital participated in the program. Over three days, the training introduced participants to key macroeconomic concepts at the national, regional and international levels, with the aim of improving their ability to analyze, interpret and contextualize economic and financial information.

The curriculum covered macroeconomic fundamentals, the functioning of fiscal and monetary policy, the role of the IMF, and the use of artificial intelligence in processing economic data. Particular emphasis was placed on making these concepts easier for a wider audience to understand.

Speaking at the opening session, IMF resident representative in the DRC René Tapsoba highlighted the role of journalists in disseminating clear and reliable economic information. In a context marked by economic reforms and structural challenges, he said high-quality news coverage is critical to strengthening transparency and accountability.

In the era of digitalization and social media, where information spreads rapidly and is not always well analyzed, it is essential to have journalists who rely on credible sources, understand the underlying issues and explain them clearly,” he said.

Idriss Linge, director of Ecofin Academy and lead trainer, stressed the importance of equipping journalists with strong analytical skills to better interpret macroeconomic developments and their impact on the population.

The objective is to train journalists in the Democratic Republic of Congo who can analyze economic developments rigorously using established tools, for investors, development partners, as well as Congolese households and businesses,” he said at the close of the session, which he co-led with Aboudi Ottou, Ecofin Agency’s bureau chief in the DRC and editor-in-chief of Bankable.

At the end of the training, participants said they were satisfied with both the quality of the sessions and their relevance to daily reporting. They particularly valued the interactive discussions and case studies based on the national economic context.

Jerome Sekana, a journalist with Agence Galaxie Médias, said he was “pleasantly surprised” by the relevance of the content.

“The trainers are highly experienced and the examples reflect the country’s economic realities. I hope this type of initiative continues to help build a strong pool of analysts capable of interpreting economic news,” he said.

Myriam Iragi, a journalist with Top Congo FM, also welcomed the training, highlighting the practical knowledge she gained.

“I learned a great deal about concepts I had sometimes used without fully understanding them. This training gives me a solid foundation to improve my analysis and provide more in-depth coverage,” she said.

Ronsard Luabeya

Posted On vendredi, 20 mars 2026 14:03 Written by
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