Category: Economy

Chinese Ambassador Highlights $3 Billion Contribution and 100,000 Jobs from Sino-Congolese Cooperation At a ceremony marking the 76th anniversary of the founding of the People’s Republic of China, Chinese Ambassador to the Democratic Republic of Congo (DRC) Zhao Bin emphasized the significant economic gains from Sino-Congolese cooperation. Speaking before an audience of political leaders, diplomats, and business figures, Zhao underscored the tangible impact of Chinese companies in the DRC during 2024. Tangible Economic Contributions According to the ambassador, Chinese companies created over 100,000 jobs in 2024, while their tax contributions… Read More Here

DRC Government Moves to Consolidate Franc Stability and Restore Banking Confidence Prime Minister Judith Suminwa chaired a meeting of the Economic Situation Committee (ECC) last week to review the recent stabilization of the Congolese franc and outline measures to strengthen the country’s financial system. The meeting brought together key government and financial leaders, including Deputy Prime Minister for the National Economy Daniel Mukoko, Finance Minister Doudou Fwamba, Budget Minister Adolphe Muzito, the Minister of Portfolio, and the Governor of the Central Bank of Congo (BCC). Coordination Behind Franc Stability In… Read More Here

DRC 2026 Finance Bill: Prime Minister Suminwa Submits $20.3 Billion Budget with 16% Increase The September parliamentary session opened with a major institutional event at the People’s Palace. On Monday, September 15, 2025, Prime Minister Judith Suminwa Tuluka submitted the 2026 Finance Bill, estimated at 59,020.5 billion Congolese Francs (CDF), or USD 20.3 billion, alongside the Bill on the rendering of accounts for the 2024 fiscal year. The Prime Minister was accompanied by the Deputy Prime Minister in charge of the Budget, the Minister of Finance, and the Minister of… Read More Here

DRC Adopts 2026 Draft Finance Law: $20.3 Billion Balanced Budget Targets Growth and Reforms The Government of the Democratic Republic of Congo (DRC) has approved the 2026 draft finance law, projecting a balanced budget of 59,020.5 billion Congolese francs (approximately $20.3 billion USD). The adoption took place on Friday, September 12, 2025, during the 58th meeting of the Council of Ministers. The draft bill was presented by Adolphe Muzito, Deputy Prime Minister and Minister of the Budget, who emphasized that the 2026 budget reflects the government’s goal of consolidating macroeconomic… Read More Here

DR Congo Signs $21 Billion Deals with Al Mansour Holding to Boost Infrastructure and Industry On 2nd September 2025, Sheikh Al-Mansour Bin Jabor Bin Jassim Al Thani, head of Al Mansour Holding and cousin of Qatar’s Emir, arrived in Kinshasa to finalize a landmark investment partnership with the Democratic Republic of Congo (DR Congo). The visit culminated in the signing of 18 agreements worth a total of $21 billion, according to the Prime Minister’s office. The signing ceremony was presided over by Deputy Prime Minister and Transportation Minister Jean-Pierre Bemba… Read More Here