Democratic Republic of Congo

04-Nov-2015

Adopting a non-conventional way of tackling poverty and inequality in the SDGs

The recently adopted Sustainable Development Goals (SDGs) provide a critical framing for transforming development like never before, tackling poverty and inequality as well a promoting integrated policy, planning, and governance for the achievement of equitable and sustainable development.  The implementation of the goals will need to be brought down to the regional, national and local level to achieve sustainable development. This was highlighted on Wednesday, during a session title “Adopting a Non-Conventional Way of Tackling Poverty and Inequality in the SDGs” at the 10th...
04-Nov-2015

African economists discuss impact of job-hunting doctors on healthcare quality

Poor working conditions for doctors, nurses and health technicians has a huge effect on the quality of healthcare as it pushes the health workers to hold several jobs at the same time. This is the finding of a new research by Gaston Brice Nkoumou Ngoa, an economist at the University of Yaoundé whose research attributes the job-hopping practice to unpredictable pay for health workers.  The research on labour income of healthcare workers and multiple job-holders in urban centres in Cameroon focused on 827 healthcare workers who blamed their moonlighting practice on low income from...
04-Nov-2015

Researchers call for improved governance and the establishment of strong, credible institutions

On Tuesday, November 3, researchers gathered in Kinshasa at a fringe event held during the 10th African Economic Conference. The session, chaired by Professor Bernadette Kamgnia, Acting Director of the African Development Institute at the African Development Bank (AfDB), featured three presentations on the relationship between poverty, inequality and growth in Africa, and on potential responses to these problems across the continent. The first paper, entitled “Why did Africa fail to reduce poverty sufficiently during the MDG period?”, was presented by El Hadji Fall, Janvier Alofa and Marc...
04-Nov-2015

Economists discuss new guidelines to measure household poverty

Economists at the 10th African Economic Conference (AEC) are laying ground for new guidelines to measure household poverty based on new reasoning poverty in urban areas differ from rural areas. The researchers believe the measurement of poverty based on the average national income does not accurately reveal the distribution of wealth to provide a proper basis for dealing with poverty. The research findings that could lead to ground-breaking policy changes were presented during the discussions on a session on the “Determinants/Drivers of Poverty and Inequality in Africa” on Day 2 of...
04-Nov-2015

Poverty and inequality in Africa as seen by young researchers

On Tuesday, November 3, in Kinshasa, Democratic Republic of the Congo, three young African researchers presented the results of their research into the social and economic impacts of poverty and inequality in Africa. They made this presentation as part of the 10th edition of the African Economic Conference, held this year in the Congolese capital from November 2 to 4, 2015. Cameroonian Arlette Simo Fotso presented the results of her research into "Children's disabilities and education in Cameroon". An expert piece of research, it showed how Cameroonian children with disabilities are...
03-Nov-2015

Africa’s vulnerability to climate change: investment, research needed to mitigate shocks

Africa is increasingly facing multiple stresses that will be magnified by climate change leading to a complex set of problems, participants at the ongoing 10th edition of the African Economic Conference in Kinshasa, Democratic Republic of Congo, heard on Tuesday. In particular, governments across the continent face a daunting challenge of addressing the poverty and inequality amid high levels of poverty, aggravated by land degradation and desertification, especially in arid and semi-arid areas; resource-based conflicts; migration and rapid urbanization. Moreover, governments are...
03-Nov-2015

MDG Report 2015: Sub-Saharan Africa lags behind the other developing regions on most targets, despite progress

A billion people have been lifted out of poverty since the United Nations established the Millennium Development Goals (MDGs) 15 years ago, making it the most successful anti-poverty movement in history. More than a billion people have been brought out of extreme need. According to the 2015 MDG report, released on Tuesday at the ongoing 10th edition of the African Economic Conference in Kinshasa, Democratic Republic of Congo, while worldwide there were remarkable gains made on the eight goals, progress has been uneven across regions and countries, leaving significant gaps. In...
03-Nov-2015

Financing poverty reduction and inequality in Africa: Debates focus on tax morale and structure of housing finance

“Tax morale and trust in public institutions” and “Housing finance and inclusive growth in Africa” were the topics of two papers presented by a group of researchers and economists on Tuesday, November 3, 2015 in Kinshasa. Debates focused on these topics, which some participants also described as issues impinging the continent’s development. The discussants of the session, were Athanasius Coker of the African Development Bank, and United Nations Development Programme’s Country Economist for Benin, El Hadji Fall. In the first presentation by Wilfried Anicet Kouame, “Taxes mechanisms and its...
03-Nov-2015

Economists aim to strike Kinshasa Consensus on ending poverty in Africa

Increasing government spending on healthcare, education and support to vulnerable groups like the elderly has emerged at the top of the agenda for a new deal sought by experts attending the 10th African Economic Conference (AEC) from November 2-4 in Kinshasa, to address rising poverty and inequality in Africa. Amid growing fears that policies to ensure economic growth for all are lacking, economists are seeking a “Kinshasa Consensus” to deal with the possible loss of Africa’s economic gains. “We need to act. It is clear it is not enough to record growth. We have experienced double-...
03-Nov-2015

Experts call for better policies to promote income distribution in Africa

Economists have called for better policies to promote income distribution in Africa at the ongoing the 10th edition of the African Economic Conference, titled Addressing Poverty and Inequality in the Post-2015 Development Agenda, taking place in Kinshasa, Democratic Republic of Congo. While Africa as a whole has made considerable progress on poverty reduction since the mid-1990s due to rapid economic growth, it has yet to have a significant impact on income distribution. Since mid-2000, Africa’s GDP growth has been high, averaging five per cent, and well above the global...
03-Nov-2015

Better distribution of resources will reduce poverty and inequality in Africa

"If, despite efforts, poverty persists in Africa, this is due to an unequal distribution of resources." This was the point made by Abdoulaye Mar Dièye, Under-Secretary-General of the United Nations and Director of the United Nations Development Programme Regional Bureau for Africa, on Monday, November 2 as he introduced the discussions of the first plenary meeting of the tenth edition of the African Economic Conference in Kinshasa. The theme of the discussions was: "Reflections and prospects for addressing poverty and inequality in the post-2015 development agenda." There is evidence on...
03-Nov-2015

Strong leadership and good governance, two essentials for reductions in poverty and inequalities: Ponyo

On Monday, November 2 at the third plenary session of the African Economic Conference (AEC) in Kinshasa, the Prime Minister of the Democratic Republic of the Congo (DRC), Augustin Matata Ponyo, shared his country’s experience on the “determinants of poverty and inequalities and their consequences.” In a very practical style and with supporting statistics, the Prime Minister presented the macroeconomic fundamentals that helped to reduce poverty and inequalities in the country and to improve its economic growth between 1990 and 2015. He described the “Congolese recipe,” which he said had...
02-Nov-2015

African Economic Conference presents plans to fight deepening poverty

The 10th African Economic Conference (AEC) has laid emphasis on better application of national tax policies to reduce the income gap between the rich and the poor, and the need to expand economic growth to agriculture and manufacturing sectors to effectively deal with oil and mineral price drops. During discussions on the "Determinants of Poverty and Inequalities," on Day 1 of the conference, economic researchers said that evidence showed the right policies could address the causes of inequality and its impacts. Jointly organized by the African Development Bank (AfDB),...
02-Nov-2015

Priorities for the African continent: energy, industrialization, integration and job creation

Speaking during a press conference immediately following the opening ceremony of the 10th African Economic Conference on Monday, November 2 in Kinshasa, Democratic Republic of Congo, the country's Prime Minister, Augustin Matata Ponyo, underscored that the economies of the region have improved. But much more is needed for renewed optimism in Africa, he said. The Prime Minister addressed local, regional and international media alongside African Development Bank Vice-President and Chief Economist Steve Kayizzi-Mugerwa; Carlos Lopes, Executive Secretary of the United...
02-Nov-2015

Researchers, policy makers and development partners to refocus strategies on poverty reduction and inequality

The 10th African Economic Conference was officially opened on November 2, 2015, in Kinshasa, Democratic Republic of Congo, by the head of the country's Senate, Léon Kengo Wa Dondo, who represented President Joseph Kabila Kabange. Co-organized by the African Development Bank, United Nations Development Programme and the UN Economic Commission for Africa, the African Economic Conference brings together Africa's prominent researchers, policy-makers and development partners to brainstorm on various development challenges facing the continent. The 2015 conference theme, "Addressing...
30-Oct-2015

2015 African Economic Conference to address poverty and inequality and give cause for more optimism to Africans

Delegates from across the continent and around the globe are converging in Kinshasa, Democratic Republic of Congo, where the African Development Bank (AfDB), the United Nations Economic Commission for Africa (ECA) and the United Nations Development Programme (UNDP), are co-organizing the 2015 African Economic Conference (AEC) from November 2 to 4, 2015, to address poverty and inequality in the region. Africa is currently on the move, but inequality constitutes an impediment to its efforts to reduce poverty. Amongst others, the continent has made rapid progress in increasing the...
21-Oct-2015

10e édition de la Conférence économique africaine (Spot)

28-Aug-2015

Project Brief – TENKE FUNGURUME

The Tenke Fungurume project (the Project) involves mining the Tenke oxide ore deposit and its treatment in a conventional hydrometallurgical plant to recover copper and cobalt. Project output will be 115000 tonnes per annum (tpa) of LME Grade A copper cathode and 10,000 tpa of cobalt metal (mix of refined form and hydroxide metal). The project includes the development of a mine and upgrade of supporting infrastructure such as power, roads, and water. The estimated project life is 41 years, comprising 19 years of primary mining of the ore deposit and 22 years of secondary mining involving the...
14-Aug-2015

Multinational - Burundi, RDC, Rwanda - Ruzizi III Hydropower plant project - Summary RAP - 08 2015

The Ruzizi III Regional Hydropower Plant Development Project concerns 3 countries, namely: Burundi, Democratic Republic of Congo (DRC) and Rwanda. It is piloted by Electricité des Grands Lacs (EGL), a specialized institution of the Economic Community of the Great Lakes Countries (ECGLC), which has garnered experience from working with TFPs and implementing Ruzizi II. At the request of the respective governments of Burundi, DRC and Rwanda, the African Development Bank will support the implementation of the Ruzizi III Regional Hydropower Plant Development Project under a public-private...
14-Aug-2015

Multinational - Burundi, DRC, Rwanda - Ruzizi III Hydropower plant project - Summary ESIA - 08 2015

This document is the summary of the Environmental and Social Impact Assessment (ESIA) on the Ruzizi Project. The Great Lakes Energy Organization (EGL) (the organization set up by the Economic Community of the Great Lakes Countries to plan and supervise community energy projects in said countries) commissioned the ESIA of the Ruzizi Hydropower Project. This summary was prepared in compliance with the environmental requirements of the 3 countries concerned by the project, namely Burundi, the Democratic Republic of Congo (DRC) and Rwanda, as well as with the African Development Bank's Integrated...