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Author: Nathanael Mavinga
Nathanael Mavinga
Nathanael Mavinga is a Congolese journalist (DRC) specializing in both audiovisual and print media. Passionate about writing and delivering information, he has pursued this profession for several years with dedication and discipline. His rich and diverse journalistic career has led him to produce numerous high-quality pieces covering key topics such as economy, finance, the banking sector, as well as other development-related issues. Thanks to his field experience and mastery of both written and visual formats, he stands out for his professional, precise, and grounded approach, deeply rooted in the realities of the African continent.
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…
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