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DRC: how to take advantage of the Mining Code for the success of operations?

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This question has been debated during the first panel of the second day of DRC Mining Week, this Thursday, June 20, 2019 at the hotel Karavia Lubumbashi. This is an important topic with regard to all the questions and points of disagreement between the mining operators and the Congolese government.

Five panelists to discuss this hot topic.

Simon Tula Waku, president of the Chamber of Mines within the Federation of Enterprises of Congo (FEC) believes that the government has lost a year without being able to popularize the Mining Code promulgated. Because, there are still many areas of shadows to enlighten both public opinion and mining.

“The time has come to raise awareness about the impact of this new Mining Code on mining activities; prospects for new investors; the aspects to be taken into account and those to be abandoned. Also, debates must be conducted around certain issues related to accounting, taxation, VAT refund, the environment, subcontracting”, he suggested.

For her part, Mamie Ndaya, judicial administrator of the High Court reminds that this new Mining Code focuses on the impact of Corporate Social Responsibility (CSR) on local communities. Unfortunately, these communities are ignorant of their rights due to lack of information.

It recommended that the authorities ensure the application of legal and regulatory texts by mining companies.

Taking another angle, Louis Watum, Ivanhoe’s Director of Operations, said that the riparian communities have become too demanding, while this Mining Code is a win-win for both parties (state and operator).

He believes that it would first be appropriate to create these riches before redistributing them to local communities. Compared to subcontracting, Louis Watum is of the opinion that Congolese are showing a lack of quality research in the services offered. Efforts should be made in this area.

For his part, Dieudonné Louis Tambwe, Deputy Technical Director of CTCPM, asked about the qualified people involved in the Mining Code and the management of the mine area.

Finally, Ahmed Kalej Nkand, General Manager of the Subcontracting Regulatory Authority, stressed the importance of the Law on Subcontracting, which simply wants to promote local content and boost the Congolese middle class.

Nadine FULA

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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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DRC: the inflation rate stood at 0.11% in the 4th week of October 2024

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The Governor of the Central Bank of Congo (BCC), Malangu Kabedi, informed members of the Government of developments in the domestic economic situation, underlining the stability of the macroeconomic framework thanks to ongoing efforts to coordinate fiscal and monetary policies.

According to Madame Kabedi Malangu, the weekly inflation rate stabilized at 0.11%, bringing the year-to-date figure to 10.38%. This figure is well below the 18.97% recorded for the same period in 2023.

This improvement reflects the BCC’s efforts to control inflation and stabilize the purchasing power of the Congolese people.

On the foreign exchange market, the Congolese franc showed signs of stability. It depreciated by 0.37% on the indicative market, while appreciating by 0.47% on the parallel market. This duality indicates a certain resilience of the national currency in the face of global economic fluctuations.

As regards key export products for the Congolese economy, with the exception of copper, world prices have generally been on an upward trend. This could have a positive impact on export earnings and, consequently, on the country’s public finances.

The Governor of the BCC recommended maintaining a coordinated fiscal and monetary policy framework to deal with internal and external risk factors. She also stressed the importance of pursuing the structural reforms needed to transform the Congolese economy.

Coordination between the various economic policies is essential to guarantee macroeconomic stability.

Ms. Kabedi Malangu emphasized that this approach would not only help manage economic risks, but also foster an environment conducive to investment.

Structural reforms are crucial to improving the competitiveness and resilience of the Congolese economy.

For the Governor of the BCC, these reforms must focus on improving infrastructure, education and health to support sustainable development.

Effective management of public finances is essential to support investment in priority sectors.

The BCC plays a key role in this dynamic by ensuring that monetary policies support the Government’s budgetary objectives.

The economic outlook for the DRC looks promising if the Governor’s recommendations are implemented. A strong commitment to good governance and prudent management of financial resources could enable the country to overcome its economic challenges.

The stability of the Congolese macroeconomic framework is the fruit of concerted efforts by the budgetary and monetary authorities.

The Governor of the BCC pointed out that to maintain this stability, it is imperative to continue coordinating economic policies, while pursuing the reforms necessary for the sustainable transformation of the Congolese economy.

The next steps will be crucial to ensure that these efforts translate into tangible improvements in the living conditions of the Congolese people.

Mitterrand MASAMUNA

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DRC: a joint commission soon to be set up to relaunch the biometric driving licence production process

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The Government of the Democratic Republic of the Congo (DRC) intends to put an end to a kingdom of unqualified vehicle drivers.
To this end, the government has just announced the imminent creation of a commission to work on the production of the biometric driving license, a process interrupted in 2017.

The Minister of Transport, Jean-Pierre Bemba Gombo, announced, during the Council of Ministers meeting of November 1, 2024, the formation of a joint commission for this purpose.

In the minutes of the Council of Ministers, the Government states that the commission in question will bring together representatives of the Office National de l’Identification de la Population (ONIP), the Direction Générale des Recettes Administratives, Judiciaires, Domaniales et de Participations (DGRAD), and a specialist service provider. The aim was to develop and analyze a process for producing and issuing driving licenses.

During the discussions, Jean-Pierre Bemba reported that the project aims to modernize and secure the process of obtaining a driver’s license.

The introduction of biometric features, reassured the Government, will enable us to combat fraud and forged documents more effectively, enhance road safety and improve the management of driver data.

The finalization of the partnership with the service provider before the implementation of the project seems to be the last turn initiated by the national executive before the issuance of secure driving licenses.

Olivier KAFORO

 

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