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Kinshasa: towards the creation of a housing bank!

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Kinshasa: towards the creation of a housing bank!

The city-province of Kinshasa will soon be equipped with a housing bank. The announcement was made to the mayors and their deputies, the police commissioners and the heads of urban divisions by the first citizen of the city, Gentiny Ngobila Mbaka during the meeting held on Friday, August 2, at his office. .

The role of this bank will be not only to provide loans to third parties for the construction of houses, but also to build social housing, as is the case elsewhere. This is, according to him, a project that aims to reduce the cost of rent in the capital and ensure the mutualisation of the rental guarantee.

Of the rental guarantee

Kinshasa: towards the creation of a housing bank!

The initiative initiated by the governor of Kinshasa aims to put an end to the consumption of rental guarantees by the lessors. Thus, all income from the rental guarantee should be housed in deposit accounts and consignment.

This way of doing things would make it easier to raise funds to build

capital capable of carrying out large-scale social actions in this socio-economic sector.

In fact, the Building and Public Works sector accounted for 2.7% of national GDP in 2016. With its expansion, it is positioning itself as an important lever for the national economy.

From the levy of the IRL

Gentiny Ngobila also wants the rental income tax (IRL) to be paid through the housing bank that will be set up. To facilitate its collection and encourage its payment, it is expected a reduction of this tax to provincial jurisdiction whose current rate is 22%.Kinshasa: towards the creation of a housing bank!

If so far, the height of this decline of the IRL has not been specified, the provincial government reassures that the law will be respected in terms of retrocession of the share to the municipalities.

For the governor, this reform has the advantage of restoring the authority of the state across the city and endowing itself with substantial financial means.

As a reminder, the Congolese financial market consists of 18 commercial banks, 34 microfinance institutions and two state funds. But none of them grants credits to more than seven years, nor is it specialized in mortgages.

The advent of this Housing Bank, so much advocated by the economic operator and current governor of the Ituri province Jean Bamanisa Saïdi, would have the role of financing the housing sector in order to increase its offer, providing specialized financial products, improving the well-being of the population through adequate housing and driving economic growth.

Agnes KAYEMBE

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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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