Democratic Republic of Congo Archives

8Aug

By Africa BusinessNo Comments

Democratic Republic of the Congo, Fintech

Why an African-based, African-run payments partner with global insights is essential for success on the continent

How to get it right in DRC By Christian Bwakira, MFS Africa's Group Chief Commercial Officer To understand the dynamics of Africa's payment ecosystem, it is crucial to recognise what sets the continent apart from other markets. Unlike economies such as Europe, Africa lacks a uniform infrastructure, especially in francophone countries. The continent presents unique challenges that require unique solutions. When a global enterprise enters the continent, it must understand the dynamics, regulatory frameworks, and local business practices. Failure to grasp how things work in Africa can hinder the ability to connect sellers and buyers and impede business success. Adapting to Africa's payment landscape involves considering the available payment methods, developing user-acquisition strategi...

14Jan

By Africa BusinessNo Comments

Democratic Republic of the Congo, Events

DRC Mining Week June 2021: Returning in safety and in numbers

2021 is set to be a solid year for DRC’s mining sector. The mining community is prepared to meet in Lubumbashi between June 15-17 for the annual DRC Mining Week expo and conference, according to Emmanuelle Nicholls, the Group Director, Mining and Natural Resources at Clarion Events Africa. She also said that DRC’s mining sector did well within this ongoing pandemic caused by COVID-19. Demanded elements like copper, cobalt and gold are extracted well and will be part of the discussion. DRC supplies 70% of the world's cobalt resource which is crucial in making lithium-ion batteries and in the manufacture of magnetic, wear-resistant and high-strength alloys. Responsible mining is growing in relevance as more mining companies take steps to reach out to the local communities in regions they ope...

31Oct

By Africa BusinessNo Comments

African News, Democratic Republic of the Congo, Ethiopia News, Kenya News, Rwanda News

Kagame opens African Economic Conference, calls for models that respond to local needs

ADDIS ABABA, Ethiopia, October 31, 2012/African Press Organization (APO)/ – Rwandese leader, President Paul Kagame today in Kigali opened the 7th African Economic Conference, calling it an opportunity for leading African economists to look beyond purely economic factors for solutions to Africa’s developmental problems. Convened by the Economic Commission for Africa, (ECA), the African Development Bank, (AFDB) and the United Nations Development Programme (UNDP), the three-day conference is focusing on the theme Inclusive and Sustainable Development in an Age of Economic Uncertainty, according to ECA’s Information and Communication Service. He said that analysts might point to issues of governance and lack of sufficient transformational leaders but “the real problem is that our...

26Jul

By Africa BusinessNo Comments

African News

Business in Africa is booming. But are the commercial laws strong enough to sustain long-term growth ?

An authoritative introduction to the commercial laws being instituted in West and Central Africa through the OHADA harmonization process is published in London this week. Source: IEDP Unified Business Laws for Africa: Common Law Perspectives on OHADA is now available from IEDP. (PRWEB UK) 20 July 2012 The World Bank has just approved an International Development Association (IDA)* US$15 million technical assistance grant to strengthen OHADA's institutional capacity to support, in its member countries, selected aspects of investment climate reforms, including improved corporate financial reporting. President Kabila of the Democratic Republic of Congo has just signed the instruments of ratification of the OHADA treaty and OHADA will become the applicable law in DRC on Sept ...

23Jul

By Africa BusinessNo Comments

African News

KEMET Highlighted in GAO Report on Conflict Minerals

GREENVILLE, S.C., July 23, 2012 /PRNewswire/ -- KEMET Corporation (NYSE: KEM), a leading manufacturer of tantalum, ceramic, aluminum, film, paper and electrolytic capacitors, today announced that it is positively cited in the U.S. Government Accountability Office (GAO) report Conflict Mineral Disclosure Rule: SEC's Actions and Stakeholder-Developed Initiatives (GAO-12-763). This report highlights KEMET's "Making Africa Work" initiative of establishing a "closed-pipe" supply chain for responsible sourcing of tantalum from Katanga Province in the Democratic Republic of Congo (DRC). (Photo: http://photos.prnewswire.com/prnh/20120723/CL44445 ) "Addressing both the social and economic health of the local mining communities in the DRC is a critical step in resolving its l...

9Feb

By AfricaBusiness.comNo Comments

Tanzania News, Zambia News

Africa Loses Billions in Potential Trade Earnings, Falls Short of Vast Promise in Cross-Border Business―New World Bank Report

Washington, February 7, 2012 – With African leaders now calling for a continental free trade area by 2017 to boost trade within the continent, a new World Bank report shows how African countries are losing out on billions of dollars in potential trade earnings every year because of high trade barriers with neighboring countries, and that it is easier for Africa to trade with the rest of the world than with itself. According to the new report―De-Fragmenting Africa: Deepening Regional Trade Integration in Goods and Services―regional fragmentation could become even more costly for the continent with new World Bank forecasts suggesting that economic slowdown in the Eurozone could shave Africa’s growth by up to 1.3 percentage points this year. As the authors write, “while uncertainty surrounds ...