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DRC: Lubaya reminds the five challenges of the new prime minister!

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Claudel-André Lubaya

To hold the electoral promises of the President of the Republic by profound reforms; clean up business climate; restore the authority of the state; fight against corruption; To identify the population, these are the challenges that await the new Prime Minister and on which he will be judged.

This is what emerges from the reflection published on Tuesday, May 21, 2019, by Claudel-André Lubaya, national deputy and elected of the province of Kananga.

For this national deputy, these reforms must be structural and focused in the political, economic and social spheres so as to consolidate the foundations of the rule of law.

The cleansing of the business climate should be accompanied by the recovery of the economy and the creation of wealth.
This will ultimately lead to the mobilization of 86.71 billion dollars as promised by the president during his election campaign.

The restoration of the state, in turn, requires the identification and total neutralization of all armed groups and their accomplices.

Claudel Lubaya also believes that the fight against corruption is essential to create conditions for the refoundation of the state. It involves the active participation of everyone.

The population census, the latest challenge for the new prime minister, will serve as a tool for economic forecasting. It will allow the Congolese State to establish an identity card for each citizen. For at these days the number, the average age, the density of the population are imaginary.

Nadine FULA

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DRC: USD 58 million down payment to oil distributors for loss of earnings

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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

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Africa: start-ups raised USD 254 million in October 2024

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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

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World: sustainable forest management, World Bank calls for annual investment of USD 536 billion

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The World Bank is sounding the alarm on the massive financing needs to protect the world’s forests and support the fight against climate change.

In its new report, the institution informs that to achieve conservation, biodiversity and land restoration objectives, stakeholders would need to invest 536 billion dollars each year, four times the current amounts, for a total of 8.4 trillion dollars by 2050.

Similarly, the Global Challenge Program: Forests for Development, Climate, and Biodiversity (GCP-F), launched by the World Bank, aims to transform forest management practices.

he objective of this program is to promote forests as economies in their own right, generating economic opportunities and sources of sustainable development.

This economic model, note the experts, is based on exploiting forest resources in harmony with nature, mobilizing private investment while meeting conservation challenges.

By integrating key sectors such as agriculture, energy and infrastructure, the World Bank aims to encourage “standing” forests, capable of supporting livelihoods, storing carbon and generating global public goods.

Flory Musiswa

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