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DRC: Yuma identifies three principles to rethink mining economic model

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Albert Yuma

The National President of the Federation of Enterprises of Congo (FEC), Albert Yuma Mulimbi has identified three guiding principles to rethink the mining economic model in the DRC. He was a speaker at DRC Mining Week in Lubumbashi on June 201, 2019.

It is based on the fact that the mining industry, which at present is mostly extroverted and whose share of local processing is reduced to a small portion. As Albert Yuma said, what the mining sector needs structurally is a real evolution in the way the mining industry is organized in the DRC.

As for the essential principles, the boss of the bosses evoked:

First, a model that changes the rules of resource sharing between the investor and the country of investment by better aligning their respective interests;

Then a model that favors local added value;

Finally, a model in which the public power really plays its role of guardian of its strategic resources.

“With these three main conditions, the mining sector will contribute in depth to the emergence of a developed private sector where national as foreign partners will find their account. The activity calls for activity, and our country still has many opportunities for development, in the mines but also in energy or transport for example, which is an essential component, “said Albert Yuma.

For the president of the FEC, there is no question of seeking that the Congolese replace the current foreign operators in view of the failure that has occurred. However, he hopes that there will also be a Congolese entrepreneurial fabric, as was the case in the past.

” This is essential. Because if we really want the private sector to contribute to the growth of this country, play a role as a transmission link between the economy and the people, we should also be able to count on a private sector of Congolese nationals “, reassured Albert Yuma.

Therefore, he insisted, it is time to stop being only this economy of rent which makes use the too small currencies which return in the country to massively import essential goods, of which simple food .

And to hammer: “It is only on this condition and this condition alone that we could create real sustainable and inclusive growth. ”

Moreover, the national president of the FEC reiterated his determination to oppose any attempt to amend the new Mining Code. Because, he believes, legislation does not cover everything. Although she is drawing perspectives on a wide range of topics, she has provided the state with the tools to act.

Eric TSHIKUMA

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Dikembe Mutombo, NBA legend, passes away at age 58

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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

 

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World: 83% of the non-electrified population live in Africa

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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

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DRC: Egyptian Ambassador Hesham El Mekwad pays a courtesy visit to ANAPI

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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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