breaking news
DRC: the country is underdeveloped because its fund does not receive enough money (tax expert)
DR Congo is an underdeveloped country because its fund does not get enough money. And this has a major impact on the functioning of the Congolese tax system. This is what the lawyer-tax expert, Dieudonné Bifumanu Nsompi, believes. In his recent work published in November 2018, he analyzed the circuit of Wealth creation and its distribution and their channeling to reach this conclusion.
Taking into account all tax-generating activities, potential tax revenues in DRC can be estimated at more than $ 30 billion a year. However, he notes, with a budget of around $ 6 billion in 2018, it is only possible to perpetuate poverty.
In his analysis, Dieudonné Bifumanu starts from the principle that Wealth creation is achieved by the work well done, which must contribute to the well-being of the community. This, before bringing its evaluation in six points.
1. The DRC is an underdeveloped country because its fund does not get enough money;
2. If his fund does not receive enough money, it is because there is very little wealth transformed and channeled in the country;
3. If there is little wealth transformed and channeled, it is because there is less work well done;
4. If there is less work well done, it is because the population of the country is not available for this, that is to say, it is not put in conditions where his work should become a rewarder
5. If the population of the country is not available for the job well done, it is because the elite of the DRC is concerned by the report of the World Bank on African intellectuals. This report concluded that African intellectuals are lazy, enjoyable and corrupt;
6. With such an elite upstream, it is obvious that we have, downstream, a weak economy characterized by insufficient money for the State and poverty for the population.
In view of these considerations, this tax specialist advocates a kind of national reconciliation based on mutual forgiveness and collective repentance between rulers and ruled. This will have the advantage of allowing some to pay their taxes properly and others to ensure the proper management of public money so that no one throws the stone on the other.
“Congolese people, do not be distracted and naive. Dare your forehead and open your eyes to look at your realities in front with courage and without shame. When you have seen these realities determine, with faith, to direct your actions towards your integral well-being, that is to say towards development. Only in this way you will make your country, a country more beautiful than before, big and strong, “he recommended.
Dieudonné Bifumanu Nsonmpi is the author of the book entitled: “The weakness of the tax system of the Democratic Republic of Congo as the most important cause of underdevelopment of the country. He is also chairman of the Standing Committee responsible for implementing risk management tools and reorganizing internal audit at the Directorate General of Taxes (DGI).
Eric TSHIKUMA
The NBA is mourning the loss of one of its greatest defensive icons. Dikembe Mutombo, the former 7-foot-2 center, passed away at the age of 58 due to a brain cancer, as reported by The Athletic on Monday, September 30.
A defensive record-holder
Born in the Democratic Republic of Congo, Mutombo left an indelible mark on the NBA with his exceptional defensive skills. During his career, he won the Defensive Player of the Year award four times (1995, 1997, 1998, 2001), a record he shares with Ben Wallace and Rudy Gobert. Gobert, in achieving this feat, highlighted the legacy Mutombo left on the game.
Drafted in 1991 by the Denver Nuggets, Mutombo went on to play for several notable teams, including the Atlanta Hawks, Philadelphia 76ers, New Jersey Nets, New York Knicks, and finally the Houston Rockets, where he retired in 2009.
A life of commitment beyond basketball
Although Mutombo never won an NBA championship, with two finals losses (in 2001 with the 76ers and 2003 with the Nets), he was inducted into the Hall of Fame in 2015. Beyond his impressive sports career, he dedicated his life to humanitarian efforts, particularly in Africa. He worked tirelessly to develop basketball across the continent and to help those in need.
NBA Commissioner Adam Silver praised his contributions in a statement: “Dikembe dedicated his life to helping others. He was not only a great player but also a global ambassador for basketball and a humanitarian. His commitment to the community, especially in his native Congo, will be forever remembered.”
Mutombo’s legacy continues to inspire generations of players and humanitarians around the world.
ZoomEco
Africa is home to 83% of the world’s non-electrified population. A thundering paradox, given the continent’s immense hydroelectric potential.
The continent faces a shortage of affordable, reliable and sustainable energy. A think tank dedicated to the development of long-term public and energy policies points out that this is holding back the momentum of individuals and companies alike.
According to the experts, the pace of electrification needs to triple in order to absorb this deficit, rethink several economic models, and put Africans on the path to prosperity.
Dynamic project vehicles on the move
The World Bank Group has pledged to connect 250 million people to electricity, while the African Development Bank (AfDB) will do the same for a further 50 million.
The World Bank Group’s investments are already providing the impetus needed to reach the target, illustrated in its ambitious “Mission 300” program.
East Africa
On Thursday September 25, 2024, Bruno Tshibangu Kabaji, Managing Director of the Agence Nationale pour la Promotion des Investissements (ANAPI), and Hesham El Mekwad, the Egyptian ambassador accredited to the Democratic Republic of Congo, exchanged views on investment and trade issues.
The Egyptian diplomat was accompanied by Adham Thabet, development cooperation advisor at the Embassy of the Arab Republic of Egypt.
Discussions between the two personalities focused in particular on the role of ANAPI as the body responsible for supporting investors in the DRC.
While stressing the need to increase economic and commercial cooperation between Egypt and the DRC, the two parties encouraged Egyptian investors to step up their presence in several fields in the DRC, notably energy, transport, infrastructure and agriculture, fisheries and livestock.
With this in mind, the Egyptian Ambassador expressed the wish to establish regular contacts with ANAPI to support this mutual ambition.
Nadine FULA
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