Democratic Republic of Congo

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...
09-Jul-2015

African Economic Conference 2015 - Concept Note and Call for Papers

The theme for the 2015 African Economic Conference (AEC) is Addressing Poverty and Inequality in the Post 2015 Development Agenda. As outlined in the African Union’s (AU) Agenda 2063 and the Africa’s Common Position on Post 2015 documents, the vision is for “an integrated, prosperous and peaceful Africa, driven by its own citizens and representing a dynamic force in the global arena.” Key among Africa’s aspirations is to achieve prosperity that is based on inclusive growth, and development that is people driven and that also unleashes the potential of women and youth. Given this stated goal...
23-Jun-2015

AfDB Chief Economist Complex announces theme and venue for next African Economic Conference

The African Economic Conference (AEC) 2015, jointly organized by the African Development Bank (AfDB), the United Nations Economic Commission for Africa (ECA) and the United Nations Development Programme (UNDP), will take place from November 2-4 in Kinshasa, Democratic Republic of Congo. The topic of the conference is: “Addressing Poverty and Inequality in the Post-2015 Development Agenda.” The theme is particularly timely in light of the global efforts to define the way forward in addressing world poverty and inequality. Africa’s recent economic growth and development progress are...
28-May-2015

Where are jobs for African youth? In agri-business!

Agri-business has the potential to create jobs for the millions of African youth who are jobless even after graduating with good degrees, experts said Wednesday during a panel discussion held at the ongoing African Development Bank (AfDB) 50th Annual Meetings in Abidjan. Geraldine Fraser-Moleketi, the AfDB Special Envoy on Gender, opened the panel discussion on Wednesday by providing statistics that painted agriculture as the continent’s untapped goldmine. For starters, the continent, it was heard, has about 60 percent arable land with between 60 and 70 percent of its population...
22-May-2015

African countries reach tipping point as pilots for renewable energy, climate resilience and sustainable forests

At its governing body meetings last week, the $8.1 billion Climate Investment Funds (CIF) endorsed 9 African nations to serve as pilot countries for critical aspects of climate-smart development, with six pilot countries for climate resilience and three for sustainable forests. In addition, governments unanimously endorsed Ghana’s ambitious investment plan to transform and promote its renewable energy sector. These endorsements, supported by the African Development Bank (AfDB), exponentially build on the current CIF AfDB portfolio, raising the number of pilot...
03-Apr-2015

DRC AND UGANDA - Lakes Edward and Albert fisheries and water resources management Project (LEAF II) – ESMP Summary

The project will be executed in the communities within the catchment area of on Lakes Edward and Albert. Lakes Edward and Albert and their catchment areas form an integral part of the Nile Basin. Both lakes straddle the international boundary between the Democratic Republic of Congo and Uganda. Lake Edward is located in Nord Kivu Province of D R Congo, and in Uganda it is bordered by the districts of Kanungu, Bushenyi, Rubirizi (formerly part of Bushenyi District) and Kasese. Lake Albert lies in Orientale Province of DR Congo, while in Uganda, six districts, namely Ntoroko (formerly part of...
10-Feb-2015

Project Briefs of 2008 Projects

Advans Banque Congo (ABC) will be established as a greenfield microfinance bank to provide financial services to the low-income population of the DRC. Within 5 years, ABC is projected to have more than 20,000 active clients and a loan portfolio of about USD 26 million. ABC will mobilize resources in US Dollars and local currency through deposit-taking activities and other savings products. Within 5 years, ABC expects to have attracted around 40,000 voluntary depositors and mobilized resources of almost USD 24 million
06-Jan-2015

DRC - Appraisal report - Project to Develop the Tshikapa-Kamuesha Section of the Tshikapa-Mbuji Mayi Road and Rehabilitate Related Rural Infrastructure – OITC - Approved – 01 2015

National Road 1 (NR1) is the backbone and main artery of the road transport system in the Democratic Republic of Congo (DRC). It links the Banana and Matadi ports in the West to Lubumbashi in the South up to the Zambian border over a distance of about 3 130 kilometres. It mainly serves the Bas-Congo Province, the city of Kinshasa as well as the Bandundu, West Kasaï, East Kasai and Katanga Provinces,which are home to much of the Congolese population. Lastly, it links Mbuji Mayi to NR2 which serves the towns of Bukavu (South-Kivu) and Goma (North-Kivu) located in the East of the country,...