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- Since President Félix Tshisekedi took power in January 2019, DRC has been pitching and welcoming international and regional investors in Kinshasa.
- President Tshisekedi has struck mining and agriculture investment agreements with Chinese companies.
- In July, UAE signed a $1.9 billion deal with a state mining firm in the DRC to develop four mines in eastern Congo. South Africa struck electric batteries deal with DRC in July, too.
Across the Democratic Republic of Congo—the second largest country in Africa—the weather is friendly, and the policymakers in Kinshasa have been steadily turning the tide, making DRC a hub for investments.
A stroll down the streets of Kinshasa, a city of over 13 million bustling with activity, heavy clouds are keeping the glare of the tropical sun at bay. The capital’s streets are busy and crowded. The traffic is congested and millions rub shoulders on the sidewalks. To my utter shock, in Kinshasa,…
The government of the Democratic Republic of Congo (DRC) under President Félix-Antoine Tshisekedi has adopted a comprehensive strategy to fast-track economic development and attract investment to the country. Thus, through its Ministry of Planning, the government has established the National Agency for the Promotion of Investments, more commonly known by the acronym ANAPI.…
- DRC’s agriculture and vast extractive industry are prime targets for global investors. UAE investors have already struck a deal with the Kivu and Maniema Gold Company (SAKIMA).
- Investors can expect huge returns with DRC estimated to be Africa’s fastest growing economy at 4.7% this year.
- Through reforms, Kinshasa has cut business opening process to just three days.
While global economic growth is projected to average between 2.7% and 3.2%, the Democratic Republic of Congo (DRC) will be Africa’s fastest growing economy posting 4 percent jump this year.
This high rate of economic growth is getting the eye of investors from across the globe who are eyeing DRC’s promising returns in investments. Which begs the question: What is driving investors into DRC? I set out to find out why.
DRC’s key investment areas
According to this year’s Africa’s Macroeconomic Performance and Outlook report by the African Development Bank Group (AfDB), the …
- Last year, about 90 percent of climate change-related disaster losses in Africa were not insured.
- Global insurance broker Gallagher Re says affordability of premiums, quality of data, and technical capacity is hindering insurance uptake.
- DRC has appointed Gallagher Re to find ways to enhance the country’s insurance penetration rate in mining industry.
Climate change has led to an increase in the frequency and intensity of extreme weather events such as droughts, and floods in many parts of Africa. These extreme weather events are resulting in significant damage to property, infrastructure, and livelihoods.
Flooding induced by climate change
Last year, for instance, at least 2,000 people died in Africa as a result of unprecedented flooding, which was partly induced by climate change. South Africa (Durban) and Nigeria were particularly hit hard following above-average rains in the year under focus.
Storm Issa, which is now regarded as one of the greatest storms …
- By enhancing intra-African trade, AfCFTA estimates that the continent with gain $195 billion by 2045.
- These gains are projected to be mainly realised in industry, services, agrifood, and energy sectors.
- By collaborating under AfCFTA, countries can greatly boost regional supply chains for the global electric vehicles market.
African countries need to embrace a set of reforms critical in driving Africa's free trade plan, AfCFTA. The call comes even as more African leaders sign the agreement on the African Continental Free Trade Area (AfCFTA).
AfCFTA has the potential to transform regional trade and thereby lift billions of livelihoods in Africa out of poverty. To realise these benefits however African leaders need to go beyond blueprints.
"It is not for lack of blueprints that Africa has not structurally transformed," United Nations Economic Commission for Africa (UNECA) Secretary-General Antonio Pedro said.
Mr Pedro was speaking at the Africa Regional Forum by UNECA on…
- DRC, through its investment portal ANAPI reassures investors
- Rwanda slams US statement saying it undermines regional peace process
- EAC Heads of State order immediate cease fire in Rwanda-DRC conflict
Rwanda should stop supporting the rebel group and withdraw its soldiers from the DRC, the US State Department has said in an official statement.
This US call for Rwanda to ‘cease and desist’ aiding rebel groups and to also recall its troops from the DRC is the latest effort by the international community to intervene in the protracted dispute between the two countries.
The US says Rwanda’s alleged aid to rebel factions in the DRC is undermining the regional peace process.
The statement comes only days after the East African Community (EAC) Heads of State met in the Burundi capital of Bujumbura. The meeting was an Extra-Ordinary Summit held to evaluate the “Security Situation in the Eastern Democratic Republic of Congo …
- Democratic Republic of Congo will host a major investment summit 27-29 June in Kinshasa
- Favourable policy changes to be discussed by top government officials
- President Felix Tshisekedi government reassures investors of security measures
Only three months after joining the East Africa Community (EAC) the Democratic Republic of Congo will this June host its inaugural DRC Investment Summit that will open the doors to Central Africa’s investment opportunities like never before.
Scheduled to take place from 27 – 29 June 2022, the two day summit will feature expert sessions that will highlight investment opportunities in the country. These sessions will provide a one of a kind platform allowing investors to learn of and hold in-depth analysis linked to policy making as well as global supply and demand movements
Organised by the government of the DRC, this inaugural summit is a global meeting place for investment in the Democratic Republic of …