Author: Nathanael Mavinga

In DR Congo, the three-month treasury bills served to two bidders at an interest rate of 27% and auctioned on February 23, 2021, brought in 9 billion FC (4.5 million USD) out of the 20 billion FC (10 million USD) expected, i.e. a coverage rate of 45%. Added to the four lots of Treasury Bonds launched at the beginning of February 2021, the Congolese government will have raised 52.06 billion FC (26.03 million USD) out of the 80 billion FC (40 million USD) targeted, compared to the month January, during which the government raised only 6 billion FC (3 million…

The government of the DR Congo issued on February 16, 2021, Treasury bills which enabled it to borrow 19.5 billion FC (9.75 million USD) through these three-month financial securities served at two bidders at an interest rate of 26%. With the three batches of Treasury bills launched at the beginning of February 2021, the government raised FC 43.06 billion (USD 21.53 million) out of the FC 60 billion envisaged, while in January, it only raised 6 billion FC (3 million USD) out of the 40 billion FC targeted, ie an achievement rate of only 15%.

The DR Congo government expects 20 billion CDF (10 million USD) from the auction of three-month Treasury bills, scheduled for Tuesday, January 26. This operation is part of a program of the executive which has planned, for this month of January 2021, to borrow 40 billion CDF (20 million USD) on the internal financial market. Of the 10 million USD targeted on January 19, 2021, only 3 million had been raised. It should be noted that it was following the weakness in revenue mobilization that the government launched, in October 2019, the Treasury Bonds to diversify its sources of financing…

Airlines in Africa recorded a US $ 14 billion loss in passenger revenue as a result of the COVID-19 pandemic in 2020, the International Civil Aviation Organization (ICAO) reported on Friday, January 15, 2021. According to its statistics, these companies recorded a drop of 78 million passengers and 58% of their overall capacity, compared to 2019, pushing four carriers to suspend their operations and two others to go into receivership. “The 2019 traffic volumes in Africa would not return before 2023 when the continent is expected to experience a late recovery in its financial performance,” projects the International Air Transport…

The turnover of the banking sector in the Democratic Republic of the Congo was 10 billion 406.5 million USD in 2020 against 8 billion 519.9 million USD in 2019, representing a growth rate of 22.1%. On the occasion of the ceremony of the exchange of greetings for the agents and executives of the Central Bank of Congo (BCDC) on January 20, 2021 in Kinshasa, Governor Déogratias Mutombo also indicated that at the end of November 2020, “the aggregate net income of all commercial banks operating in the DRC reached 67.4 million USD, despite the covid-19 health crisis that hit the…

Treasury Bills brought in 551.3 billion FC (275.650 million dollars on the domestic financial market out of 566.8 billion FC targeted. The total amount of repayment was estimated at 570.3 billion FC in 2020 while the outstanding debt under the new Treasury bills increased from CF 112 billion in 2019 to CF 108.5 billion in 2020, the government said. In accordance with the forecasts of the 2021 Budget, the State intends to issue Treasury Bonds and Bonds for a net amount of CF 252 billion. Confronted with the weakness of the mobilization of public revenue, the Congolese government launched in…

In DR Congo, 15 billion FC (7.5 million USD) are expected Tuesday, December 15, 2020, from the auction of three-month treasury bills. For this month of December 2020, the payment will be made Thursday, December 17, 2020, announces a press release from the Ministry of Finance. On the domestic financial market, the Congolese government plans to raise 60 billion FC (30 million USD). The Treasury Bonds launched on December 1 and 8 have already brought in 27.5 billion FC out of the 30 billion FC targeted. The government, following the weakness of public revenue mobilization, launched, in October 2019, Treasury…

The Economic Conjuncture Committee (CCE), meeting on December 8, 2020 in Kinshasa, was concerned about a “small drop” in exports of mining products linked to the policy of restocking stocks operated by mining companies. The CCE announced that overall, the macroeconomic framework remains stable in the Democratic Republic of Congo. However, there is some acceleration in the rate of product price formation on the markets due to the speculative movements that accompany According to sources, mining production has increased and is generally performing well. A tonne of copper has passed the US $ 7,500 per tonne mark, and the price…

The city of Kinshasa, capital of the Democratic Republic of Congo, will host the 48th session of the SADC parliamentary forum which takes place from December 4 to 5, 2020 by video conference. MPs and Senators from Botswana, Lesotho, Madagascar, Malawi, South Africa, Zambia and other SADC countries will interact with their Congolese counterparts around various regional integration themes aimed at to consolidate the unity of 345 million inhabitants of whom they are the representatives, at the People’s Palace in Kinshasa, seat of the Congolese parliament. During the works, the fight against poverty will also be addressed at a time…

In DR Congo, the auction of treasury bills scheduled for Tuesday, December 1, 2020 is worth 15 billion FC (7.5 million USD). These financial securities, with a three-month maturity, must be subscribed on the same day before 11:00 a.m. with the Central Bank of Congo (BCC), the finance ministry said. He recalls that, since September 30, 2020, the government and the Central Bank have opened the subscription to Treasury Bills to any interested person and no longer only to commercial banks. In December 2020, the government plans to borrow 60 billion FC (30 million USD). The weakness of revenue…

Direct insurance abroad is prohibited for anyone living on Congolese soil, announced the Authority for the Regulation and Control of Insurance in the Democratic Republic of Congo (ARCA). “This decision is taken following resolutions relating to the fight against the evasion of insurance premiums taken by the government of the DRC at the 50th meeting of the Council of Ministers. The only insurance operators qualified to carry out insurance operations in the DRC are those on the official list published by ARCA, “she explained in a press release issued on November 5. As “regulator and controller of the insurance sector”,…

The three-month Treasury Bills auction which will take place on Tuesday, November 3, 2020, will cost 25 billion FC (12.5 million USD), a statement from the Ministry of Finance announced on Monday, November 2. “Subscribers have until Tuesday before 11:00 am to submit their offers through the dedicated electronic platform,” he explains. Following the weak mobilization of public revenue, the Congolese government launched, in October 2019, Treasury Bonds to diversify its sources of financing to meet its still high public spending. A Treasury Bond, which is issued through the Treasury channel, is a debt security repayable at maturity. When an…

The President of the DR Congo, Félix Tshisekedi, is staying in the capital of the Republic of Congo where he arrived Monday October 27, 2020 at the invitation of his counterpart Denis Sassou Nguesso to participate in the commemoration of the 80th anniversary of the “Brazzaville Manifesto ”. He is one of the Heads of State participating in this event, namely Presidents Faustin Archange Touadera of the Central African Republic and Idriss Deby of Chad. At their side, there will be the Premier of Cameroon Joseph Dion Ngute and his counterpart from Gabon Christine Ossuka Raponda. Also present, France represented…

The government of DR Congo will launch an auction of Treasury Bonds, Tuesday October 27, 2020, for a value of 15 billion FC (7.5 million USD). “Candidates for these three-month titles have until Tuesday before 11:00 am to submit their bids. From now on, Treasury Bonds are open to all financial institutions as well as to interested persons, ”announced a statement from the Ministry of Finance. A Treasury Bond is a debt instrument issued by the Congolese State and repayable at maturity. The government issues these debt securities through the treasury. When an economic operator or an individual buys a…

Sharing experiences on the fight against COVID-19, the establishment of a global system for the rapid detection of epidemics and participating in the meeting of the board of directors of the Raoult Foundation justify the presence in France of the famous Congolese virologist Jean -Jacques Muyembe, arrived in Marseille at the invitation of the famous professor of medicine Didier Raoult. Didier Raoult, born March 13, 1952 in Dakar (Senegal), is a French specialist in infectious diseases, professor of microbiology at the Faculty of Medicine and at the University Hospital Institute of Marseille (IHU). With his chloroquine treatment, Didier Raoult crystallized…

The International Bank for Africa in Congo (BIAC), placed under the management of the provisional administration committee of the Central Bank of Congo (BCC) since May 2016, is put into “forced liquidation”, according to a notice signed on October 9. 2020. “In accordance with the provisions of Articles 22, 23 and 56 of No. 003/2002 of February 2, 2002 relating to the activity and control of credit institutions, the International Bank for Africa in Congo, in the acronym B.I.A.C. s.a., is forced into liquidation, ”reads the document signed by Déogratias Mutombo, the governor of the BCC. To this end, he…