Browsing: Congo

The DRC investment summit is a creative tool used by the nation to attract global investment stakeholders. According to the summit organizers, the summit brings together international investors, businesses, developers, and policymakers to attract and retain investment, as well as discuss trends that influence economic growth in the DRC.

DRC is arguably one of Africa’s richest countries in terms of natural resources, but it still ranks lower in investment performance.

Furthermore, DRC’s Human Capital index is 0.3 percent below the SSA average of 4 percent.

DRC has the world’s third-largest human population of impoverished people, which the WB argued remains widespread and is increasing due to the impacts of the COVID-19 pandemic.…

• 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 …

• Airtel Africa and UNICEF said the deal will see them connect schools to the internet and ensure free access to learning platforms across 13 countries
• Airtel Africa is the first African private sector partner to make a multimillion-dollar commitment to ‘Reimagine Education’, a global initiative launched by UNICEF in 2020

Airtel Africa and UNICEF have entered into a five-year pan-African partnership to help accelerate the roll-out of digital learning.

In a statement, the partners said the deal will see them connect schools to the internet and ensure free access to learning platforms across 13 countries.

These are Congo, the Democratic Republic of the Congo, Gabon, Kenya, Madagascar, Malawi, Niger, Nigeria, Rwanda, Tanzania, Uganda and Zambia.

Airtel Africa has revealed that its financial and in-kind contribution for this partnership is $57 million over five years to 2027.

By providing equal access to quality digital learning, particularly for the most vulnerable children, …

As Agricultural activities intensifies to provide sufficient food for a growing population in south Africa climate change and its manifestations, which includes extreme weather events, have been featured as prominent risks on the radar of investors, banks and commercial farmers bearing in mind that South Africa has a market-oriented agricultural economy that is highly diversified and includes the production of all the major grains (except rice), oilseeds, deciduous and subtropical fruits, sugar, citrus, wine and most vegetables.

In Illustration, the World Economic Forum ranks environmental risks among the top five global risks in its ‘2020 Global Risk Report’.

The 2020 Global risk report discusses the prominence of extreme weather, failure to adapt to climate change, environmental damage caused by humans, major biodiversity loss, ecosystem collapse and major natural disasters.

Financial institution Nedbank believes that, while agriculture is a key contributor to environmental impacts, it finds itself on the receiving end …

African Ministers and Heads of Delegation of Ministries in charge of Housing and Urban Development, African Finance Ministers, the Directors and Management of Shelter Afrique, and representatives of international, regional and national institutions, the private sector and civil society, have agreed to enhance mechanisms for the mass production of decent and affordable housing in the continent to achieve social and economic development.

During a three-day summit at the 40^th Annual General Assembly of shelter-Afrique that was held in Yaunde Cameroon, the participants resolved to address the challenges that have hindered the efforts to provide decent and affordable housing in Africa.

In a research concluded by the Shelter-Afrique, a pan African housing finance and development institution, shows that the overall shortage of housing in Africa is estimated at 56 million housing units with out of this, more than 90 per cent are in affordable housing bracket.

The Managing Director …

The African Private Equity and Venture Capital Association (AVCA) released its sophomore Industry Survey drawing African Limited Partners and General Partners commitment to African investment as long-term.

The survey report that was released on April 15, was conducted in review of broad cross-section of global and African Limited Partners’ (LPs) and General Partners’ (GPs) to determine perspectives and attitudes of investing in African private equity (PE) across various categories, sectors, geographies, investment stages, challenges, and returns.

According to the survey report, Majority of Limited Partners (86%) plan to raise or maintain their allocation to African Private Equity {PE} over the next three years, with impact and the investment mandates viewed by most Limited Partners as the primary factors driving their investment approach.

ALSO READ: Investing in Africa: Trends driving Private Equity and Venture Capital in Africa

65% of Limited partners said that the African Private Equity {PE} attractiveness remained the …

For many in Africa, the concept of an electric vehicle is still new, by the time these futuristic automobiles become popular in Africa, land rights in the Congo may very well be buried deep in the cobalt mines.

 Did you know, the Democratic Republic of the Congo produces more than half of the world’s supply of cobalt? You probably did not, neither did I. Here is another fun fact, did you know cobalt is the mineral that powers your phone battery, your laptop battery and most all your rechargeable batteries?

I bet you were also not aware that this bluish mineral that is found in a dull brownish ore of dirt is used in hospital labs for imaging, for cancer radiotherapy and even for sterilizing medical equipment.

Cobalt is also in the component that stores solar energy in the solar panels that have now become popular solution to Africa’s energy …

The Tanzania Cigarette Company (TCC), the country’s main tobacco producer, is looking to expand its sells to the Democratic Republic of Congo (DRC).

The DRC is already TCC’s largest export destination that has seen the company grow its 2019 gross profit earnings by 56 percent, more than double compared to the previous year.

Nonetheless, the tobacco company enjoyed marginal growth when it came to annual revenue which inched up slightly by 5.2 percent to clock 309.8bn/- up from 294.3bn/- the year before that.

TCC is not the only company eyeing the DRC for business, increasingly, Tanzanian banks are reported to be making venture moves into the DRC. However, until now, it is small businesses that were enjoying the huge market of the central African state.

Many small businesses have been transporting goods to the DRC for years and enjoying lucrative returns. TCC is only the latest of manufacturing titans to …

CRDB Bank, a leading bank in Tanzania, has announced plans to register its own insurance subsidiary firm.

The bank is currently already a broker and enjoying considerable premium back payments which almost double in the span of just 3 years (2016-2019).

In an interview with local media, CRDB’s Broker General Manager, Mr Arthur Mosha said in that short time, their premium levels is up from 44.2bn/- from 25bn/-

Not surprising, Tanzania’s insurance market grew by 8.6 percent in gross premiums over the course of the last financial year. As of 2018, Tanzania’s insurance industry had 31 insurance companies, 109 insurance brokers and 635 insurance agents.

For a country of 56 million people, the sector is hardly sufficiently serviced and there is enormous room for growth.

The bank’s brokage services target mainly their own customers who now represent 70 percent of all their insurance customers. At the moment, the leading products …