breaking news
DRC: ARPTC challenges telecoms about poor quality of services
The Regulatory Authority for Post and Telecommunications (ARPTC) in the Democratic Republic of Congo (DRC) is becoming increasingly rigorous in terms of the quality of services that telecom operators must provide to consumers. This is the meaning of the exchanges that its president, Odon Kasindi, had this Thursday, August 8, 2019, with representatives of mobile phone companies in the DRC.
The two sides exchanged views on issues relating to end-user complaints about the quality of services offered by telecom operators in the DRC.
Telecom operators have shown a real desire to work in symbiosis with the ARPTC for a significant improvement in the quality of their services.
With this in mind, a number of proposals have been made to the regulator, which is none other than the ARPTC, likely to provide sustainable solutions to problems related to the quality of services.
ARPTC officials promised to analyze with their experts the proposals made by telecom operators.
#Alinstant Rencontre entre l'#ARPTC et les opérateurs de téléphonie cellulaire. Le compte-rendu dans les minutes a suivre. #RDC #Télécommunications @OKasindi pic.twitter.com/lgq8dZpOTr
— ARPTC Officiel (@OfficielArptc) August 8, 2019
Both parties agreed to meet regularly to ensure the provision of better service to end consumers.
The ARPTC undertakes to initiate a series of checks in Kinshasa before continuing the same work in the provinces. a control which will concern the quality of the services but also the respect of the specifications for each operator.
Problems related to data have also been the subject of exchanges between regulator and operators. Here, it was noted that the quality of the internet service is a corollary of the quality of optical fiber offered by the Commercial Company of Posts and Telecommunications (SCPT).
The ARPTC is planning to work with the SCPT to explore opportunities to improve services provided.
According to some experts, one of the root causes of the deterioration of the quality of telecom services in the DRC would be the system of multiple promotions.
This system, argue the experts, sometimes remain detrimental to the overall quality of services.
Olivier KAMO
Banks
DRC: Célestin Mukeba’s major achievements in ten years of leadership at EquityBCDC
Célestin Mukeba is leaving EquityBCDC to pursue new socio-economic objectives for the community. The announcement was made by the Equity Group.
After ten years of leadership at the head of this bank, he has many achievements to his credit.
From Procredit Bank to Equity and now the merger that led to EquityBCDC, this expert has multiplied the value of the bank’s balance sheet assets by 30.
Under his reign, he has democratized access to financial services, banking over 1.8 million customers. He increased the bank’s net profitability from 3.1 million to over 100 million USD.
Under his leadership, the bank’s growth has been further consolidated. The bank’s assets are already approaching 5 billion, and financing for the economy is growing.
There has also been strong customer interest. After the merger, the bank went from almost 900,000 bank accounts to around 2.4 million today.
What’s more, it has invested heavily in the social welfare of the Congolese people. And very recently, during a ceremony to present the 2023 annual report, Célestin Mukeba received a trophy for achieving 10 years at the head of this Bank.
“I’ve been running Equity since 2015, and I was the architect of the merger. Long before that, I was CEO of Procredit and then DGA since 2008. I have a total of 16 years in the bank’s senior management. After the merger, the Board of Directors and the Group trusted me to lead this department. For me, it’s a feeling of pride and gratitude, firstly to Almighty God, and secondly to our valued customers”, declared Célestin Mukeba during the ceremony.
An exceptional career
Célestin Mukeba Muntuabu completed his entire university education in Kinshasa, graduating with a master’s degree in business management from the Université Protestante au Congo (UPC). These studies were reinforced by training in banking management techniques, this time in Germany.
In 2022, he graduated from Harvard Business School. As an alumnus of Harvard Business School, where he holds a degree in the Advanced Management Program, Célestin Mukeba was selected as the best student of his AMP201 class, representing the cohort of 147 participants from 43 countries worldwide.
He has a wealth of experience in the banking sector, and has held various positions of great responsibility, notably with Procredit Bank Congo, including that of Deputy General Manager in 2008.
That was on November 4, 2008, the day he was appointed Managing Director of ProCredit Bank.
Raised to the rank of Managing Director in 2014, he is leading the Holding’s search for shareholders likely to continue the bank’s activities in Congo, following its decision to withdraw from Africa.
The process led to its takeover and integration into the Equity Group, a pan-African bank based in Kenya and present in seven countries.
Logically, Célestin Mukeba retained his position after the takeover.
A few years later, he successfully completed the merger between Equity and Banque Commerciale du Congo, then a Belgian bank. In addition to the complexities of managing teams with very different corporate cultures, there was the more prosaic need to migrate the IT system.
He also headed the UN Global Compact Network RDC. He is married with two sons and a daughter.
On his X page, he announced his departure from this major banking institution to pursue new objectives with socio-economic impact for the community. He says he has turned an important page in his professional career.
Nadine FULA
breaking news
DRC: USD 58 million down payment to oil distributors for loss of earnings
Through the Minister of Finance, Doudou Fwamba Likunde Li-Botayi, the central government has announced the payment of $58 million, a first instalment of shortfalls, to all oil tanker corporations in all distribution zones.
The announcement was made at a meeting held on Monday November 4, 2024 by the Minister of Finance with a delegation of oil companies representing the various distribution zones in the Democratic Republic of Congo.
According to the Minister of Finance, this payment is part of the Government’s efforts to clear, in instalments and as quickly as possible, the revenue shortfalls for the 2023 financial year.
He also reassured oil companies that the next instalment would be paid shortly.
“Doudou Fwamba Likunde Li-Botayi declared: “The process of clearing these shortfalls is irreversible, and the Government’s various commitments, made through the Ministry of the Economy, will be honored in the interests of all parties.
AGNES KAYEMBE
breaking news
Africa: start-ups raised USD 254 million in October 2024
The platform Africa: The Big Deal recently published the monthly financial report on African start-ups.
According to the report, in October 2024, African start-ups raised $254 million, a record for this month since 2019 as forty-two (42) companies raised financing despite a global context of tightening liquidity.
Indeed, these figures, places October as the second best month of 2024, after July, with an increase of almost 50% compared to the average of the last 12 months, a contrast to the global trend.
“The main highlight of the month was the transaction by Moniepoint, a Nigerian fintech, which closed a $110 million Series C financing round, representing 43% of the total raised in October. This fund-raising, one of the largest in the sector, could establish Moniepoint as the eighth African unicorn, a title reserved for companies valued at over one billion dollars. Other major deals of the month included the $42 million raised by BasiGo in Series A, and the $33 million obtained by cryptocurrency exchange platform Yellow Card in Series C.
In addition, the report notes that since the beginning of 2024, African start-ups have raised a total of $1.7 billion, spread over 393 deals exceeding $100,000, although this performance remains down 32% on the previous year.
Of these, 137 transactions exceeded the million-dollar mark, a year-on-year decline of 20%, reflecting the persistent tensions in the financing of technology start-ups.
AGNES KAYEMBE
-
breaking news5 ans ago
DRC: dam Zongo II, a project poorly evaluated technically and financially (study)
-
breaking news5 ans ago
DRC: Government incorporates IDEF into the cost of airfare
-
breaking news5 ans ago
DRC: International Banker Awards SOFIBANQUE Two 2019 Best Bank Awards
-
Banks5 ans ago
DRC: Equity Bank strengthens its partnership with VISA inc.
-
breaking news5 ans ago
DRC: Dandy Matata calls for a state of emergency in the education sector
-
breaking news5 ans ago
DRC: Polaris Group in the Emirates wishes to invest in the agricultural sector
-
breaking news5 ans ago
DRC: DIVO launches renovations to the Tata Raphael stadium
-
breaking news5 ans ago
DRC: Government hires developer for Maluku Special Economic Zone