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DRC: macroeconomic framework, BCC shows encouraging results at the end of May 2019

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Deo-Mutombo

The macroeconomic framework of the DRC is showing encouraging signs. Statistics of the first five months of 2019 provided by the experts of the Central Bank of Congo (BCC) attest. Governor Deogratias Mutombo welcomed it during a press briefing he held on Friday evening, 21 June, following a regular meeting of the Monetary Policy Committee (MPC).

In the goods and services market, the trend of decelerating domestic prices continued in May 2019. Year-on-year inflation fell to 3.95% from 4.80% in April. On the other hand, on a monthly basis, there is a slight rise in prices of 0.38% in May against 0.37% the month before.

Thus, provided unchanged, the expected inflation rate at the end of December 2019 is 4.16% against an inflation target of 7.0% in the medium term.

Regarding the growth rate, the latest estimates based on the production achievements at the end of March 2019 indicate an increase in economic activity of 5.6% in 2019 compared to an achievement of 5.8% in 2018. Despite this This slight decline, driven by extractive activities, remains above the average for sub-Saharan Africa of 3.5%.

The evolution of the economic situation in May 2019 indicates, for its part, that « business confidence has deteriorated for the second month in a row. Here, the overall gross balance of their opinions fell to + 6.1% in May 2019 against + 10.4% a month earlier, while it was + 19.2% in March 2019 « .

At the level of public finances, the situation remains impacted by the budgetary inking at the end of last April.

With regard to the external sector, there appears to be relative exchange rate stability on the two market segments in May. The national currency thus appreciated by 0.07% on the interbank and depreciated by only 0.21% in parallel, placing the rate respectively at 1 637.68 CDF and 1 666.50 CDF per dollar. as at May 31, 2019. On an annual basis, the Congolese franc depreciated by 0.12% in the indicative against an appreciation of 0.59% in parallel.

For foreign exchange reserves, preliminary data show a monthly foreign exchange consumption of $ 91.3 million, bringing the level of reserves to $ 1,060.4 million, or 4 weeks of importing goods and services from resources. own.

The evolution of monetary aggregates provides a slight monthly increase in the monetary base of 3.5%, explained mainly by the monthly rise in net domestic assets.

Olivier KAMO

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DRC : Tenders for tailings storage works at MMG Kinsevere

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PUBLIC NOTICE – MMG Kinsevere SARL hereby announces to the public within the Democratic Republic of Congo that the following tenders are currently being prepared and finalised for future works to be undertaken at the Kinsevere Mine site.

 

 

 

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DRC: Launch of Tender for Laboratory Services At MMG Kinsevere

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MMG Kinsevere SARL hereby announces to the public the launch of the tender for Laboratory Services for Mining and exploration.

All intertested and qualifying entities need to submit their respective company files as per the below list of requirements detailing their expression of interest for the above tender by no later than 10 March 2021.

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DRC: Launch of tender for exploration drilling at MMG Kinsevere

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PUBLIC NOTICE – MMG Kinsevere SARL hereby announces to the public within the Democratic Republic of Congo the launch of the of tender for Exploration Drilling

All interested and qualifying entities need to submit their respective company files as per the below list of requirements detailing their expression of interest for the above tender by no later than 03rd of March 2021.

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