Browsing: President Felix Tshisekedi

DRC and EAC: Who stands to gain more from the pact?

“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 …

Another year of high expectations but broken promises in the DRC.
  • The DRC is facing one of the deadliest and longest-running civil war crises
  • The precariousness of the 2023 elections heightens uncertainty in the Democratic Republic of Congo
  • The DRC has over eighty million hectares of arable land and nearly four million hectares of irrigated land
  • The country has less than 600 millionaires, most of which have made their wealth by mining natural resources and raw materials

The population in the Democratic Republic of Congo (DRC) will see another year of high expectations and broken promises.

The DRC is facing one of the deadliest and longest-running civil war crises. The wars have been mainly built on land, resources, and power, significantly affecting the country’s economic status. DRC is the country that has the most displaced people totalling more than 5.5 million people.

According to the World Bank, DRC ranks the 11th poorest nation with a GNI per capita of $550 in…