Tuesday, 27 June 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                                                   

Industry

I. Potentials

DR Congo has several potentialities to develop its industrial sector, namely :

  1. Abundant and cheap labor ;
  2. Diversity of raw materials (wood, oil, minerals, quartz, etc.), conducive to the development of the national industrial fabric ;
  3. Overall market of over 70 million potential consumers, extendable to the subregional level ;
  4. Existence of 80 million hectares of arable land conducive to the development of agribusiness ;
  5. Existence of a significant market share in the various industrial sectors ;
  6. The implementation of the Inga 3 Power plant, of Kakobola, Zongo II and Katende, is a major asset to boost the volume of existing production and promote the attraction of new investments in the country.

II. Achievement

  • Establishment of the pilot Special Economic Zone of Maluku ;
  • Launch of growth Pool project at Kimpese, 130 Km away from east of Matadi (Bas-Congo). This is a World Bank project designed to finance the agricultural sector and road infrastructure in the DRC. Its cost is estimated at over 110 million US dollars for the whole country, of which 48 million for farmers in the province of Bas-Congo. It is about helping farmers to increase agricultural production.
  • Launching activities of the pilot agro industrial park.of BUKANGA LONZO.

III. Vision

 Industry is one of the Government’s priority sectors like agriculture, infrastructure, energy, health, education, housing, hydrocarbons, etc. In its vision, the Government adopted a development approach called "self-centered and integrated," consisting in a balanced deployment of economic and industrial growth poles.

This approach relies on the ability to develop, based on comparative and competitive advantages of each economic area of processing and manufacturing industries, especially in the agro-industrial sectors, enhancement of natural resources and structuring or industrializing industries.

The development strategy of the industrial sector is mainly focused on the creation of Special Economic Zones (SEZ), agro-industrial parks and growth poles.

IV. Legal framework

- Law No. 14/022 of 7 July 2014 establishing a system of special economic zones (SEZ) in the Democratic Republic of Congo (DRC).

This Law has the following objectives :

  • Improve the legal and institutional framework to attract and safeguard national and foreign private investment in order to promote the country’s development ;
  • Simplify administrative procedures to further improve the business climate and attract investment ;
  • Strengthen dispute settlement mechanisms related to investments ;
  • Provide an incentive business environment, transparent and consistent in order to encourage national and foreign private investment which will generate growth and employment and increase competition in the Democratic Republic of Congo ;
  • Setting the rules of organization and functioning of special economic zones, their missions and their limits ;
  • Determine the supervision powers of the Agency for Special Economic Zones, including its exclusive and private skills ;
  • Clarify the rules applicable to companies that can operate in special economic zones, except with respect to tax and customs arrangements to be set out in the Finance Act.

- Law n ° 14/023 of 7 July 2014 setting the rules on the terms and conditions of rescuing the ailing industrial company.

The provisions of this Act apply to any industrial enterprise in difficulty following the exogenous factors and subject to a procedure either of a preventive law, or receivership.

The industrial company in difficulty is eligible for benefits under section 9 of this Act, subject to the prerequisite of collective proceedings of preventive settlement or bankruptcy to :

  • Ensure the direct and indirect employment ;
  • Promoting local raw materials ;
  • Ensuring fiscal contribution to revenue of the central government, provincial and regional and local entities ;
  • Ensure the maintenance of socio-economic impacts on the local and national environment.

Any industrial company in difficulty wishing to benefit from the advantages provided for in Article 9 of this Act shall, to this end, submit, at the opening or after the opening of the insolvency proceedings, at the latest before the preventive or remedial concordat, a grant application to the National Agency for Investment Promotion.

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