DRC’s ARSP and South African BEE sign a collaboration memorandum of understanding

March 3, 2024March 3, 2024 arnbethnic

After several months of technical work, ARSP and the South African BEE signed a memorandum of understanding for the sharing of information and experience in the field of subcontracting.

This initiative follows diplomatic relations promoted by the Heads of State of two countries, namely Félix Tshisekedi for the DRC and Cyril Ramaphosa for South Africa, which has already experienced the development of its middle class and whose experience will be shared with the DRC.

DRC's ARSP and South African BEE sign a collaboration memorandum of understanding 2

The signing ceremony of the memorandum of understanding took place in Kinshasa in the presence of different personalities including entrepreneurs from several corners of the country, national deputies, ministers, as well as the South African Ambassador to the DRC and his Congolese counterpart representing the DRC in South Africa.

In his speech, Miguel Kashal Katemb, Director General of the Regulatory Authority for Subcontracting in the Private Sector (ARSP) painted a picture of the value chain across the country and the world.

“The signing today of a memorandum of understanding between the ARSP of the DRC and BEE of South Africa is a special moment which we welcome for its impact. It is a question of boosting, on the DRC side, the perspective of the creation of Congolese millionaires and billionaires as presented by the Head of State. Several other countries have implemented the same policy, including the United States in 1933, Egypt, France, Nigeria. » said Miguel Kashal.

DRC's ARSP and South African BEE sign a collaboration memorandum of understanding 3

And added: “As far as the DRC is concerned, efforts are focused much more on the establishment of a legal arsenal on local content.”

For his part, the Director General of BEE, Tshediso Matona, evokes, through this signature, the advancement of the African continent.

“We have African billionaires, and we encourage that. And we hope that with this policy, we will achieve more of these kinds of successes, because these billionaires will create companies that will provide employment to our people. We all have the same objectives for our people, the success of subcontracting and this is in the interest of the entire continent. “, he said.

Through this protocol, the ARSP aims to strengthen its operational capacity with a view to achieving the commitment of the Head of State, Félix-Antoine Tshisekedi, to create jobs for the Congolese population.