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DRC: After the slowdown, the recovery of economic growth

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croissance economique

The macroeconomic situation of the DRC is advancing in the trajectory of the resumption of growth. According to Minister of Finance Henri Yav Mulang, she had two strong moments, influenced by the global economic situation.

During an exchange between some members of the government and the president of the African Development Bank (ADB) during his recent stay in Kinshasa, the national treasurer described this situation with positive results welcomed by Akinwumi Adesina.

Indeed, from 2015 to 2016, the national economic activity slowed down following the fall in commodity prices and the growth rate, which reached 9.5% in 2014, dropped to 6.9% in 2015 and 2.4% in 2016. And from 2017-2018, economic growth has picked up, boosted by the rise in prices of the DRC’s main export products.

“This recovery in economic activity was marked by an increase in the real GDP growth rate of 3.7% in 2017, before accelerating in 2018 to 5.8%”, said Henri Yav Mulang.

Evolution of macroeconomic indicators

Over the period from January to early June 2019, the situation was as follows:

  • in terms of domestic prices, the inflation rate has slowed down sharply, this rate being projected at the end of 2019 between 5.5% and 7%, against 23.6% in 2016 and a peak of 54.7% in 2017 ;
  • in the foreign exchange market, there was a relative stability of the national currency against the US dollar, the exchange rate being marked in 2019 compared to December 2018 by a cumulative depreciation rate of 0.6%, suggesting , unchanged policy, depreciation of 1.2% at the end of December 2019;
  • at the level of international reserves, the volume of these reserves rose in 2019 to USD 1.1 billion at the end of May 2019, corresponding to 4 weeks and two days of imports of goods and services; this level remains almost the same as in 2017, mainly because of the assumption of responsibility for the entire electoral process on the government’s own funds;
  • lastly, in terms of public finances, the situation of the accumulated public treasury was in surplus at 30 April 2019 by more than CDF 300 billion.

According to the Minister of Finance, this result was achieved despite the large deficit accumulated during 2016, following the decline in revenues caused by the decline in prices of major export products. And this, in spite of the consumption of the surpluses realized in 2017 by the expenses of the electoral process financed entirely on the own funds of the State.

While encouraging, this macroeconomic framework should not overshadow the many challenges that the Government is facing. Hence, the need to consolidate the gains to accelerate this momentum of growth.

Emilie MBOYO

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DRC: the process of the gradual withdrawal of the Monusco already underway

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DRC: the process of the gradual withdrawal of the Monusco already underway

MONUSCO is currently only present in six provinces of the Democratic Republic of Congo, while it operated in 20 provinces. Every effort is being made to further reduce its workforce. This is essentially the message sent by Leila Zerrougoui, Special Representative of the UN Secretary General in the DRC, during a conference she held on Thursday, October 3, 2019.

Our role is not to stay in the DRC, nor to keep the DRC as a child under guardianship; that is not our goal. The goal is when you leave a place, you don’t come back. And we are not coming back because things have not been well taken care of by the authorities with regard to the sovereign functions of the State, because in all countries there may be problems, but if we can manage them without the Security Council getting involved, without affecting the stability of the region, it becomes an internal problem of the State.

Leïla Zerroudi also reviewed her participation in the 74th session of the UN General Assembly in New York (USA), MONUSCO’s mandate and gradual withdrawal, peacebuilding and the various challenges that remain to be addressed.

For the stability of peace and the lasting solution to the Ebola disease in the DRC, Mrs. Zerrougoui believes that stability is built with the law.

Finally, with regard to armed groups, the boss of MONUSCO emphasized the contribution of her institution.

Armed groups have been reconstituting themselves for 20 years in the DRC. We need to work on the root causes and we are working on it. Military action is part of it and we are preparing with the DRC because we are here to support the DRC, that is our role,” she said.

For Leila Zerrougoui, these are complex operations that do not prevent them from working holistically together with the Congolese State.

As a reminder, the Head of State, Felix Antoine Tshisekedi, during his first intervention from the United Nations platform, called for the urgent need to readjust MONUSCO’s configuration to developments on the ground, by focusing more on the operational intervention capabilities of UN forces alongside the armed forces of the DRC.

The DRC still needs MONUSCO, but a non-abundant MONUSCO, well equipped, strong and with an appropriate mandate, like the rapid intervention brigade that had once routed the M23 Movement,” he said before the other UN Member States.

Agnès KAYEMBE

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DRC: GD Tech promotes the use of civil drones to boost the activities of companies

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GDtech Drone

“GD Tech”, the Congolese start-up specializing in the development of drone solutions, coupled with big data and artificial intelligence, promotes the use of civil drones for all types of services. This, to the advantage of boosting the development of the activities of its potential clientele in the DRC.

Indeed, a press conference organized by this supplier of drones, on June 29, 2019 in Kinshasa, focused on the theme: “the digital industry and the professional civil drone market in the DRC.”

“I can tell you already that we have drones for every type of activity for our diversified clientele. Our company manufactures, sells and sells drones, “said GD Tech General Manager Adonaï Collé.

The opportunity was favorable for this young entrepreneur to invite the Congolese to take ownership of new technologies, mainly in the field of the use of drones that facilitate and simplify certain activities of the various companies operating in the DRC.

These include agriculture, industrial inspection, engineering, information, customs and maritime and river freight management, mining and forestry, electrical energy, post and telecom and so many other sectors to meet the needs of the local and international population.

GD Tech’s strategy is based on continuous development of products, solutions and services. But also the culture of the spirit of teamwork and simplicity. Also the accompaniment of the customers and the partnership with the companies safe and respectful of their environment.

GDTech

The public-private partnership is also a privileged mode of collaboration within GD Tech. This company intervenes particularly in the mining and agricultural sectors (where it can cover a field of 2,500 hectares thanks to its drones.)

“Another type of partnership offered to our clientele involves research participation in a number of areas, including forestry and thermography,” added Adonai Collé.

This company providing professional civil drones works for the development of the Congolese population through technology.

GD Tech claims to have contributed to several technology development projects around the world thanks to the training it organizes in various sectors to facilitate the management and deployment of its services.

Agnes KAYEMBE

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