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DRC-USA: Patrick T. Onoya discusses the prerequisites for good business practice

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DRC-USA: Patrick T. Onoya discusses the prerequisites for good business practice

Patrick Tambwe Onoya, a Congolese entrepreneur working in the USA and head of the business firm, Le Patron, gave some aspects to consider in order to do good business in the USA. He addressed Congolese economic operators who met last weekend in Beatrice Hotel as part of Trade Show, the USA-DRC Economic Forum organized by Easy Commerce and the new Chamber of Commerce.
According to this businessman, economic operators have a lot to learn to emerge in the American environment.

First, it is essential to communicate well about the DRC. According to Patrick Tambwe, the American political world knows the DRC well. But unfortunately, the economic world does not know it well, which means that American economic operators do not master the workings of the economic sector in Félix Tshisekedi’s country. Basically, the lack of good communication outside.

Secondly, Congolese economic operators must differentiate between the American economic system and that of the DRC. The American economic system is modular, i. e. it is based on a chain of intermediaries. This has the advantage of making opportunities more reliable and the risk is reduced. While the Congolese economic system is more than 60% informal, there is a problem of access to information.DRC-USA: Patrick T. Onoya discusses the prerequisites for good business practice

Third, this head of the business firm, Le Patron, still notes some positive aspects that encourage American businessmen to invest in the DRC. There are mining resources in particular, which are the main focus.

In addition to this, the demographics, 60 million consumers are not insignificant. The geographical location is also a major asset, the position of the DRC facilitates access to other African countries. Finally, the improvement of the political situation. The peaceful handover of power has given hope to many foreign investors who are comebacking in the country.

Fourth, as a Congolese entrepreneur operating in the United States, Patrick Onoya notes bitterly that there are still some grey areas that tend to tarnish the image of the DRC and that we must at all costs cut back to encourage American investors to come to the country. He cites corruption, this scourge that must be fought against; the improvement of the financial system because, in his opinion, it is still rudimentary. It also encourages a strengthening of bilateral agreements.

Fifth, in order to help Congolese businessmen wishing to evolve in the USA, Patrick Tambwe proposes four phases to consider for a project to succeed. First, there is the presentation of opportunities, which is sanctioned by an agreement in principle. Then, there are in-depth discussions and development of the general framework for collaboration.

Afterwards, the documentary phase of the project takes place, where feasibility studies must be requested, and legal and tax aspects must be considered. Finally, the agreement will be implemented, depending on the type of contract.

To perpetuate these exchanges on US-DRC trade, Patrick Tambwe Onoya proposed the creation of a permanent framework for monitoring and evaluating economic exchanges between the two countries; the intensification of reforms to move the DRC’s economy from informal to modular; the establishment of a public-private information system; and support for strengthening bilateral DRC-US actions.

Nadine FULA

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DRC: USD 100 million for the construction of the major cultural centre for Central Africa

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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.

DRC: USD 100 million for the construction of the major cultural centre for Central Africa

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.

DRC: USD 100 million for the construction of the major cultural centre for Central Africa

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.

Nadine FULA

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DRC: in 2020, Goma will host the « NiNyumbani » development fair

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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.

DRC: in 2020, Goma will host the "NiNyumbani" development fair« 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.

Harris KASONGO

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Global: Global value chains have stimulated growth but the momentum is running out of steam!

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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.

Nadine Fula

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