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DRC: Urgent spending is 18.5% of loans disbursed by June 21, 2019!

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The « urgent expenditures » made by the national executive as of 21 June 2019 represent 18.5% of the credits disbursed since January 2019. Out of a total of 3 638 billion Congolese francs (equivalent of US $ 2.204 billion at the rate of 1650 CDF / USD), this budget item is about 407 million US dollars.

This is apparent from the decoding of the Weekly Condensed Statistical Information of June 26, 2019 made public by the Central Bank of Congo (BCC).

In fact, these are expenditures that are obviously not budgeted and whose process of making them available does not follow the normal circuit. In practice, however, there are other expenses in the budget that are released under emergency procedures.

The analysis of the data made by Zoom Eco of the statistics bulletins of the BCC reveals the behavior of this budget item called « urgent expenses » from January to June 21, 2019.

While in February 2019 these expenditures were estimated at $17 million (6.8% of total monthly expenditures), they reached their peak of the period in March 2019 to reach $ 138.7 million (35,9% of the total expenses of the month).

Between April and May 2019, the curve of these expenditures began to decrease from US $ 86 million (19.5% of monthly expenses) to US $ 57 million (12.4% of monthly expenses). However, the months of January and June, have visibly shared an amount of about 63 million USD.

In the opinion of the expert, it is stated that the execution of the 2019 budget is carried out in a particular context where, in the absence of a legitimate government and a regular Council of Ministers, the head of the State, only to have legitimacy within the state, is forced to incur certain expenses not to block the public action.

Unfortunately, this is a deplorable situation that requires regularization that will have to go through a collective budget. The latter’s plan can only be elaborated and defended in Parliament by a legitimate government whose training has been awaited for six months.

However, analysts note, this situation does not exclude the new national executive from its obligation to rationalize spending by raising the level of rigor and discipline in the management of allocated funds.

Emilie Mboyo

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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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