Equity Bank Congo claims to have changed the concept of the relationship with the bank and even the vision of it to its customers. With five different offers, she brought the bank back into the phone of each of her clients. These banking services were presented at the launch ceremony of the Digital Banking campaign that took place on Monday, July 22, 2019 in Kinshasa, under the theme « be free to move with your bank at any time. «
« No need to go to an agency, the customer becomes his own banker and free to make phone credit purchases, free to deposit money in his account, free to send money to any phone number, free to make transfers, free to withdraw money without a bank card, free to withdraw money from a mobile money account in our distributors … « , said the CEO of Equity Bank , Celestin Mukeba.
Indeed, this pack of five services said « Bank in your phone » was not only experienced but also presented to media professionals during this meeting.
This product allows the Equity Bank client to manage their accounts via an SMS sent to 420. They can view the account balance by sending S to 420 or STOUS to 420 for all accounts held by customers; to receive the last 5 transactions in a mini statement by sending M to 420.
Eazzy 247 DRC
This is the mobile application of Equity Bank Congo that allows any customer to make financial transactions from a smartphone. This downloadable online application (Play store, Apple store and Microsoft store) facilitates the consultation of the balance, the transfer of money, the purchase of communication units, the location of distributors, the payment of invoices and the operation. withdrawals without a card at Equity Bank Congo’s ATM.
This is a bot chat obtained in the Telegram social network that allows the client of Equity Bank to perform certain banking transactions from an interactive menu. The application is downloadable online (Play store, Apple store and Microsoft store). .
USSD (Unstructured Supplementary Service Data)
This product makes it easy for any client of Equity Bank to access the mobile menu Banking offline and to carry out banking transactions from their mobile phone. It targets primarily customers who do not have smartphones or who are in peri-urban areas where it is difficult to access financial services.
« This service is available on the Vodacom telecommunication network (for the moment) by typing * 420 # ok. It allows the customer to view his balance, get his mini statement, buy communication units, send money and make withdrawals without a card in the Distributor (E-Wallet) and change the code PIN « , says Equity Bank’s communications department.
According to Equity Bank, this is the solution for transferring money across the DRC from its account to a telephone number via our digital channels Eazzy 24/7, Equity Telegram and USSD. To make a cardless withdrawal in the distributor, the payee only needs a phone number by which he receives the SMS withdrawal code.
« In the era of digitization and virtualization of financial services, developing our digital service will help increase the financial inclusion rate of Africans in general and Congolese in particular. The bank thanks its customers for their trust and invites them to experience this feeling of freedom with Equity Bank’s digital products. I am free, « said General Manager Celestin Mukeba.
DRC: USD 100 million for the construction of the major cultural centre for Central Africa
Prime Minister Ilunkamba has just authorized, on Monday, October 14, 2019, the Minister of Urban Planning and Housing Then Mwabilu and the Minister of State for International Cooperation Guillaume Manjolo to sign two orders.
This, after his visit to the site where the great Cultural and Artistic Centre of Central Africa will be built as well as the INA Buildings, the National Institute of Arts, where he ordered the resumption of work.
The first decree concerns the postponement of the decree of 14 October 2016 and the second concerns the decommissioning of a portion of land in favour of Sino-Congolese cooperation.
The Chinese company BEIJING URBAN CONSTRUCTION GROUP is in charge of building this large Centre for 30 months. The cost of the work is estimated at US$100 million.
After this visit to the field, the head of the Ilunga Ilunkamba Government himself presided over the signing ceremony of these two ministerial decrees for the implementation of the Chinese government’s donation to the DRC.
There was talk of ending the superposition of orders first by repealing the one that granted the same concession to Richesse Taylor.
It should be noted that the cultural and artistic centre, one of the largest in Central Africa, will constitute, according to the Minister of State for Cooperation Guillaume Mandjolo, an innovative source for the public treasury and restore the DRC’s position as a leader in the world of African culture.
This large Centre will be located between the triumphal boulevard and Assossa avenues, a few metres from the People’s Palace.
The construction of this important cultural building includes the large 2,000-seat theatre, the small 800-seat theatre, meeting rooms, the gymnasium and a car park.
DRC: in 2020, Goma will host the « NiNyumbani » development fair
The capital of North Kivu province will host in 2020, a development fair entitled: « NINYUMBANI », which means « at home » in Swahili. It is the initiative of a young native of Greater Kivu, Marc Lanoy Kasongo, entrepreneur and founder of OPLUS, a communication, marketing and advertising company.
« NiNyumbani » is an event that brings together different decision-makers from the DRC and the Great Lakes Region around reflections aimed at a clear and achievable future.
It is a platform whose mission is to create a common front against the many challenges related to unemployment, education, access to electricity and water, as well as agricultural and road infrastructure.
This exhibition, which is part of a community development process, is organized once a year around a central theme on which different themes focus on economic opportunities and emerging concerns in the region in order to propose practical solutions that can be applied at cost, in the medium and long term.
This activity is expected to welcome 500 exhibitors from different fields of activity; among others, economic operators, entrepreneurs, state institutions, banks, start-up managers, incubators, civil society and universities, opinion leaders, etc.
In addition to exhibitions, the programme also includes conferences.
« This fair is also being set up to give a new image to our Dear City of Goma and the long-suffering province of North Kivu, whose image is being tarnished both inside and outside the country. We want to demonstrate here the potential of our province, and what we can bring to the development of our country, » explained Marc L. Kasongo, who is in Kinshasa for contacts around the organization of this major Rendez-vous.
To him he added, « we also want to give everyone, whatever their social rank, the opportunity to come and present their products and services, because we aim for development at the grassroots level. NINYUMBANI is our common home, » added the initiator of the activity.
For Marc Lanoy Kasongo, several results are expected from this exhibition.
The aim is to propose solutions to the fundamental development challenges in Greater Kivu and the DRC; to propose new business, industry and investment opportunities and strategies in Greater Kivu and the DRC; to create partnerships between stakeholders; to connect decision-makers in the sub-region; and to create a practical solution through work.
This exhibition, whose date remains to be determined, can only be possible thanks to the contribution of the Congolese, from which Marc Kasongo solicits the involvement of the authorities and mainly the Head of State, who has made the promotion of youth his main concern.
Global: Global value chains have stimulated growth but the momentum is running out of steam!
The World Bank Group published a new report on October 8, 2019 in Washington, D.C., USA. This World Development Report 2020 focuses on trade for development in an era of globalized value chains. It details strategies that will enable developing countries to improve their performance for the benefit of their populations by undertaking reforms that will stimulate their participation in global value chains.
The paper highlights that global value chains or GVCs can continue to stimulate growth, create better jobs and reduce poverty, provided that developing countries undertake deeper reforms and that industrialized countries implement open and predictable policies.
It clearly shows that in an era of globalization, companies can no longer do everything, they specialize and no longer have to produce the entirety of a good on their own.
This book assesses the contribution of VCMs to growth, employment and poverty reduction, but also to inequality and environmental degradation. It also explains how national policies can boost trade growth and ensure that VCMs participate in, rather than oppose, sustainable development. It identifies the shortcomings of the international trading system that have led to dissension between countries, and proposes a roadmap for addressing them through enhanced international cooperation.
This report reveals that it is no longer so obvious today that trade remains an engine of prosperity, this World Bank report points out. Since the 2008 global financial crisis, trade growth has been sluggish and VCM expansion has slowed. The last decade has not seen transformative events comparable to those of the 1990s. Here we are referring to the integration of China and Eastern Europe into the global economy. Two factors are at the root of this slowdown. First, the introduction of labour-saving technologies such as automation and 3D printing could bring production closer to the consumer and reduce the demand for labour both within and outside countries. Secondly, trade conflicts between large countries could lead to a contraction or segmentation of VCMs.
According to this report, global value chains have a positive impact on development.
First, they increase productivity and growth: a 1% increase in participation in global value chains is estimated to increase per capita income by more than 1%, almost twice as much as the gains induced by traditional trade. In Ethiopia, companies engaged in these globalized sectors are twice as productive as their counterparts operating in traditional trade.
Second, they reduce poverty: since the impact of the rise of global value chains on economic growth is greater than that of trade in finished products, their impact on poverty reduction is also greater. Countries such as Mexico and Viet Nam, which are more actively involved in global value chains, have achieved better results in the fight against poverty.
Third, they improve the quality of jobs: firms operating in global value chains attract labour to more productive activities in manufacturing and services, and generally employ more women, thus contributing to the structural transformation of developing countries.
In addition to these positive effects, however, it is noted that VCMs can also have negative effects on the environment. The main environmental costs for VCMs are related to the growth in trade in intermediate goods, and the increase in distances travelled, compared to traditional trade. Their effects include increased carbon dioxide (CO2) emissions associated with transportation (compared to traditional trade) and excess waste.
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