Friday, 18 August 2017
HOT NEWS
Official launch of the activities of the 2th edition of the fair International Agricultural of Kinshasa: Under the initiative of the Provincial Ministry of Agriculture of Kinshasa, the official launch for the 2nd International Agricultural Fair of Kinshasa took place on Wednesday June 14, 2017 at the KEMPISKI FLEUVE CONGO HOTEL. During the ceremony, several speeches were                                                    The Democratic Republic of Congo presents the Doing Business 2018 reforms: Under the patronage of His Excellency BAHATI LUKUEBO, Minister of State, Minister of Planning, the National Agency for the Promotion of Investment organized on Tuesday, May 30, 2017, at  Pullman Hotel, a workshop presenting the 2018 Doing Business reforms. Six indicators                                                    “The time for Africa is now – we can’t slow down, we must quicken the pace”: Adesina: India is the perfect place for the African Development Bank to focus on the transformative power of agriculture, Bank President Akinwumi Adesina has told the African, Indian and international press. “India is an inspiration to Africa, in that its Green                                                    ANAPI will take part at the DRC Mining Week which will be taking place in Lubumbashi on 23-24 June: DRC Mining Week is a well-established annual mining investment event aimed at creating an enabling environment to boost the industrialisation of the mining sector. The three-day programme will feature: a two-day conference for international and national stakeholders to gain knowledge and                                                    Burey Gold expands in Kilo-Moto greenstone belt: Mining company Burey Gold inked an agreement with Emirati firm Medidoc FZE to buy a 60% onterest in Tendao project which comprises five exploration licences covering a total of 1,456 km², in North-Western part of DR Congo. The deal will                                                    AfDB and Japan to spend $3bn to boost growth in Africa: During the sixth edition of the Tokyo International Conference for Africa’s Development (TICAD VI) recently held in Nairobi, Kenya, the African Development Bank (AfDB) and the government of Japan signed a $3 billion agreement to boost growth in private sector                                                    DRC will take part at The Sixth Tokyo International Conference on African Development (TICAD VI) Summit in Nairobi: The Democratic Republic of Congo will take part at The Sixth Tokyo International Conference on African Development (TICAD VI) Summit in Nairobi, Kenya's capital. The delegation led by the Managing Director of the National Vocational Training Institute (INPP), Maurice Tshikuya                                                    kwilu: sensitization of executives of the public administration on the improvement of the business climate: Executives of the public administration and the private sector in the province of Kwilu and particularly those from Bandundu city, the capital of the province have been sensitized for two days on the reforms implemented to improve the business and                                                    Need to adapt the geological map of the DRC to the understanding of new minerals: Mr. Ikoli, Deputy Chief of Staff of the Minister of Mines, noted the need to adapt the old geological map of 1972 to the understanding of new minerals at the opening of the validation workshop of the new geological map                                                    FIKIN opens its doors this Saturday 16th of July 2016: The fair activities of Kinshasa for the year 2016 will start on Saturday, July 16 and close on 15th August, announced the Director General of the International Fair of Kinshasa (FIKIN), Eugene Bokopolo. The N ° 1 of FIKIN engaged with the                                                   

General Historical Background

With the coming of Joseph Kabila to power on January 26th, 2001 a new era was started at political, economic and social levels thanks to which the momentum of national reconstruction was boosted. Having as his prime goal the rehabilitation of peace and reunification of the national territory, President Joseph Kabila favoured diplomatic dialogues to put the country on the right track.

Being 'home to a vast potential of natural resources and mineral wealth2', the DR Congo is attempting an economic revival through adapting its legal framework to modern day investments. The democratic transition process (2001-2006) has known a happy outcome with the free, democratic and transparent elections allowing democratically elected leaders (President of the Republic, Members of Parliament and Provincial Councillors, Senators, Province Governors, etc.) to run the country. Therefore, after the 2006 elections the international community was facing a freshly installed government led by H.E. Joseph Kabila promising to uphold the principles of democracy and promoting foreign investment. As a result of the ensuing political stability, political risks (wars, political instability), economic risks (raiding, inappropriate economic measures) and social risks (strikes, riots and troubles) are considerably reduced. Furthermore, during the 2006 legislative period some prosperous initiatives were undertaken. The new constitution said to be of the third Republic was promulgated by the Head of State on February 18th, 2006 along with several investment related Codes.

Thanks to these provisions, the new constitution restates the commitment of the Congolese State to achieve its development. The right of individual or collective ownership and that of private enterprise for the national as well as foreigners is secured. The settler sets up an economic and social council whose task is to provide consultative opinion to the President of the Republic, the Parliament and the Government, given the complexity of issues relating to social and economic development the country is facing.

Two supporting institutions to democracy process have been provided for in the constitution in view to strengthening progression towards a constitutional State and guarantee democracy. They are especially the National Independent Election Commission (CENI) in charge of permanent organization of elections and the High Council of Audio-visual and Communication (CSAC) tasked with ensuring freedom and protection of the press as well as all the mass communication means as per the law.

Since then, the country reached a political stability never achieved before, despite some episodic trouble which sometimes threatens peace in some locations in the East of the country, but which the national forces seconded by the international community forces brought under control. Stability and good governing are therefrom visible in the country and improvement of the business environment becomes therefore the main focus.

The DR Congo has managed to provide itself with laws and regulations intended to improve the scope of operations in all sectors so as to attract more private investments. We can clearly consider that efforts made to improve the business environment have been successful at this level since funds are really coming. This is a very significant advance.

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