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Browsing: DRC
As part of improving regional infrastructure works, DRC President Tshisekedi is looking to improve its power output through its Grand Inga Dam project but has been facing resistance, especially from the West.
DRC plans to build the Grand Inga Dam, which, when complete, would be the world’s largest hydropower project. With the capacity of producing 88,000 plus Mega Watts, Grand Inga Dam would make DRC “the heart of the world’s clean energy production system.”
The Grand Inga Dam is expected to rival the power supply of major world economies like Spain; in fact, the dam’s power output would surpass the power output of all of south of Europe combined.…
As of 8th April, 2022, the Democratic Republic of Congo (DRC) officially joined the East African Community (EAC) opening a slew of opportunities for both sides.
The Treaty of Accession was inked in Nairobi, Kenya overseeing by the then EAC Chairperson former Kenyan President Uhuru Kenyatta alongside several other Heads of State of the EAC and of course the President of DRC, H.E. Félix-Antoine Tshisekedi Tshilombo.
- The East African Community has agreed to speed up Congo-Kinshasa’s ascension into the bloc
- DR Congo will open a new 90 million strong market to the EAC
- With input from the DR Congo, the East African Community will form a new mechanism to handle natural resource management
With the ascension, the DR Congo has up to the end of this month (29th September, 2022) to complete its internal constitutional processes to ratify the Treaty and submit to the EAC Secretary General. …
- The Central Bank of Kenya (CBK) has welcomed the admission of the Democratic Republic of Congo (DRC) into the East African Community (EAC)
- CBK noted that DRC’s admission to the EAC also means it joins the institutions of the community, including the EAC’s Monetary Affairs Committee (MAC)
- It also effectively expands the region’s market size and offers a path between the seas for trade and cultural integration and new investment and employment opportunities for a dynamic population of about 300 million
The Central Bank of Kenya (CBK) has welcomed the admission of the Democratic Republic of Congo (DRC) into the East African Community (EAC).
In a statement seen by The Exchange Africa, CBK said noted that DRC’s admission to the EAC also means it joins the institutions of the community, including the EAC’s Monetary Affairs Committee (MAC).
The occasion was marked by depositing the instrument of ratification with the Secretary-General …
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 …
“Concerning the management of the mineral resources sector, the Partner States agree, among other things, to promote joint exploration, efficient exploitation and sustainable utilization of shared mineral resources,” the treaty reads in part. The World Bank notes that DRC’s natural resources are diverse and immense in its country report. The country has the world’s second-largest primary humid tropical rainforest endowment and carbon sink globally.
“However, forest loss rates have accelerated in recent years, and in 2020, the DRC lost 1.31 million ha of natural forest, equivalent to 854 million tonnes of CO₂ of emissions. This has had deleterious environmental impacts (including rainfall patterns, biodiversity, and climate change) and is threatening the livelihoods of the 35 million people who depend on forest resources,” World Bank says in the report.
World Bank’s collaborations in energy sector investments have been intended to rehabilitate transmission networks and hydropower plants, raise Inga’s electricity production by …