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Economic and Business Discussion for the Republic of the Congo



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Old April 26th, 2010, 03:39 PM   #1
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DRC - Intra Africa Trade

This thread is dedicated for business dealings between DRC and surrounding countries on the continent since the country seems to be pro intra africa trade.
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Old April 26th, 2010, 03:40 PM   #2
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Uganda, Congo agree to trade

Congo & Uganda
Quote:
By Cyprian Musoke

UGANDA and the Democratic Republic of Congo have agreed to step up trade between the two countries.This was resolved in the DR Congo meetings held in Kisangani and Goma between Uganda’s envoy to the James Kinobe and his Ugandan counterpart Jean Lolakombe, recently.

The meetings are a follow-up on the framework of commitment that Presidents Yoweri Museveni and Joseph Kabila signed in 2006 to normalise relations between their countries.

Lolakombe said he was glad to honour the commitment of the heads of state, which reiterates the spirit of the Ngurdoto Agreement of September 2007.

“Its objective is to lay the foundation for the revival of a sincere cooperation based on the respect for the directives and principles of UN and for the Constitutive Act of the African Union,” he said.

The envoys, Lolakombe added, have the obligation to strengthen bilateral relations between their countries.

Kinobe said the two heads of state had agreed to return peace and security in the region.
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Old April 26th, 2010, 03:41 PM   #3
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Zambia to seal DRC trade ties

Zambia to seal DRC trade ties
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By Business Reporter

ZAMBIA will soon conclude the bilateral trade agreement with the Democratic Republic of Congo (DRC) in an effort to boost trade ties between the two countries, Commerce, Trade and Industry Minister Felix Mutati has said.

Mr Mutati said Zambia and DRC were engaging and were expected to conclude the bilateral trade agreement soon because it was for the benefit of both countries.

Speaking in an interview in Egypt, Mr Mutati said the bilateral trade agreement was one of the instruments for addressing bilateral bottlenecks that existed between DRC and Zambia.

“We have been working on this particular document for more than a year now.
We are still negotiating with our colleagues in the DRC particularly on issues surrounding non-tariff barriers and tariff levels between ourselves.

These are delicate issues on which we remain engaged with while we also appreciate the importance of concluding the agreement,” he said.

Mr Mutati said the level of trade volume recorded between Zambia and the DRC stood at US$1 billion in 2009.

“This is a significant volume of trade. In the context of Southern African Development Community (SADC), the DRC has now overtaken South Africa.

“This level of trade can be enhanced further if we addressed some of the bilateral bottlenecks between Zambia and DRC,” he said.
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Old April 26th, 2010, 03:43 PM   #4
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DRC and Tunisia

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Originally Posted by BUTEMBO21 View Post

DRC and Tunisia held economic and partnership days in Kinshasa.
Quote:
DRC and Tunisia held economic and partnership days in Kinshasa.
Quote:
Kinshasa is home since Monday and the days of economic partnership between the businessmen of the Democratic Republic of Congo (DRC) and Tunisian investors.

The Congolese Minister of Planning, Olivier Kamitatu, who opened the day with his colleague Simon Mboso Industry, assured businessmen Tunisian efforts of the Congolese government to ensure and secure all ongoing investments or come.

"There is room for all those who want to undertake in the DRC," said Planning Minister, while his colleague of Industry has given the priority sectors (agribusiness, construction materials, packaging, infrastructure) where external partners are invited to invest.

In addition to the exhibition of samples of products services industries tunisiebnnes, the delegation of Tunisian businessmen, composed of 25 members, continuing contacts with the Congolese business.

Ms. Chébia Chelbia, Director Central Center for Export Promotion in Tunisia, the economic development plan 2009-2014 of Tunisia attaches great priority to South-South cooperation, especially towards the DRC.

It is within this framework that the DRC to host first economic mission to Tunisia from abroad 2010.

The commercial Balencie Tunisia and the DRC began a timid rebound after falling heavily from 2006.

Tunisian exports to the DRC are estimated at 9.9 million euros last year, against 1.3 million euros for imports from that country. (Xinhua)
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Old September 9th, 2010, 11:09 PM   #5
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Quote:
RAM : 3 nouvelles liaisons vers Kinshasa

(Infomediaire) - Royal Air Maroc (RAM) ajoutera, à compter du samedi 6 novembre 2010, 3 liaisons sans escale entre Casablanca et Kinshasa (République démocratique du Congo). Ces 3 liaisons s'ajoutent aux vols Casablanca-Libreville-Kinshasa opérés 2 fois par semaine.
Marocinfo

-------------------
it's the first time that , there will be a direct flight between the 2 countries
and it will be 3 times a week !!!!
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Old October 11th, 2010, 12:11 PM   #6
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Congolese urged to invest in Uganda

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DEFENCE minister Dr. Crispus Kiyonga has called on the Congolese business community to take advantage of the East African Common Market to invest in Uganda.

Kiyonga, who is also the MP for Bukonzo West in Kasese district, assured the Congolese community that the existing cordial relationship between the two countries would be maintained.

He made the remarks while on a three-day visit to Butembo, North Kivu province in eastern DR Congo last week.

The delegation, composed of political leaders and businessmen from Kasese district, held discussions aimed at strengthening security between the two countries, promotion of business and cultural cooperation, especially in the area of writing.

According to an October 6 press statement issued by Barnabas Bamusedde Bwambale, the Masaka resident district commissioner, the team also attended the 10th memorial anniversary of the Archbishop of Bukavu, Monseigneur Emmanuel Kathaliko.
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Old April 4th, 2012, 11:01 AM   #7
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Benguela Railway Company Rehabilitation Increases Trade
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Luena — The commercial exchange between Angola and the Democratic Republic of Congo (DRC), through Luau border, will increase with the rehabilitation works of the Benguela Railway Company (CFB) in Luau, ANGOP has learnt.

This stand belongs to the consul of the DRC in Moxico, Mulumba MVita Bernard, while speaking to ANGOP, under the commemorations of the Peace and National Reconciliation Day, April 04.

He said that the restoration of train service after 24 years will help to diversify and increase commerce, with highlight to fuels.

Moxico Province is linked to the DRC through the border with Luau and Dilolo.
3 April 2012 source
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Old April 4th, 2012, 11:02 AM   #8
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Zambia: NTE Exports Into DRC Soar
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ZAMBIA's non traditional exports (NTEs) to the Democratic Republic of Congo (DRC) grew by more than 30 per cent in 2011 as compared to trade figures of the previous year.

Zambia Development Agency (ZDA) director for export promotion and market development, Glyn Michelo said the DRC had continued to be the country's largest single export market for NTEs.

Mr Michelo said Zambia's total NTEs into the DRC market closed the year at US$523.9 million which was more than US$120 million improvement on the figure recorded in 2010.

Mr Michelo said $403 million worth of NTEs into DRC were recorded in 2010 saying that the country had continued recording impressive trade growth with its northern neighbours.

"In terms of market share, the COMESA and SADC trade blocs continued to be among the top destinations for Zambia's NTEs last year where the DRC continued to be the largest single export market for Zambian NTEs," he said.

Mr Michelo said there was need for diversification of the market base which would be achieved by a thorough product diversification as a way of boosting the economy.

He said South Africa was the second largest market under the category where $304.3 million was recorded, representing 18 per cent growth.

Other significant export markets for Zambia's NTEs in order of value of exports are Zimbabwe, Malawi, Belgium, Tanzania and China.
source
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Old April 4th, 2012, 11:09 AM   #9
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Angola is rebuilding it Rail, and we doing nothing. what can we do when we have no government!.
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Old April 5th, 2012, 12:32 PM   #10
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Quote:
Originally Posted by BUTEMBO21 View Post
Angola is rebuilding it Rail, and we doing nothing. what can we do when we have no government!.
We can still catch and beat them with a bit of focus, obviously with a different leadership. They lost a few generations of education due to war, it is hard to recover from what they went through so they have already overachieved imo. We have probably already lost a couple of generations now that could have been productive ourselves now. For example, farmers in the Kivus are too busy trying to stay alive to tend to their fields, millions are IDP(internally displaced peson), some have formed militias to try to defend the little they have.

"The Congolese Dream" is to raise enough funds to gtfo as soon as possible to go to Luanda, Brazza, Poto, etc.

Angola is still a fragile country so they deserve all the credit they get for rising so fast. I don't like Dos Santos but same with Kagame, they dictate with at least some results to show for it.

Only part I where I don't understand is how you can have millions of young and unemployed yet they allow thousands of Chinese labourers in, same thing with a lot of african countries, a source of future stress. I guess at the minute, either go the Chinese way and have something to show for it or stick with the Western partners and have nothing to show for it.

Zambia

Zambian businesses have done very well in making them become a net exporter to DRC, another country that has taken advantage for the situation in DRC but in a positive manner, unlike Angola and the EAC.
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Old April 5th, 2012, 03:03 PM   #11
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Quote:
Originally Posted by BUTEMBO21
Angola is rebuilding it Rail, and we doing nothing. what can we do when we have no government!.
exactly !!!!
on totalise bientôt 4 mois sans gouvernement !!!
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Old February 21st, 2013, 04:18 AM   #12
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Proposed Tanzania-Congo water way connection to cut costs of transport

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Construction of a port and an Inland Container Deport at Kasanga area on the Tanzanian side of Lake Tanganyika will entail erection of a similar ICD structure on the Congolese side, it has been learnt.

The DRC structure at Mliro would act as a connectivity point between the two countries where goods will be easily transported to and from the depot, thus trimming down transportation costs.

Speaking to The Guardian on Monday in Dar-es-salaam, Chairman of Container Freight Stations, Inland Container Depots and Dry Ports Association of Tanzania (CIDAT) Ashraf Khan said the project proposal was sparked by two developments.

One, he said, is the improvement in the infrastructure along Kasanga area particularly the road which is now being renovated following government’s decision.

And second is the firm’s wide experience in transportation and having the means to construct the depot.

“The government’s efforts in renovating the road in Kasanga area have motivated us to come up with this project so as to improve trade in the economy,” he said. By building the ports in Tanzania and Congo, more goods will be transported to and from the countries thus increasing production and also cut down transportation costs, he added.

Under the proposed arrangement, to be undertaken by Bakhresa Group of Companies of Tanzania and to involve the two governments, the ports will be the connectivity hub whereby goods will be transported directly to the Congo via Kasanga, where the same are then moved to the dry port at Mliro, in DRC.

Under the present arrangement goods are transported through Zambia then to the Congo which means that Tanzanian transported incurs extra tax costs at the two borders, he explained.
According to him, all types of goods will be transported on Lake Tanganyika save poisonous ones.

The construction is a long term project and it’s yet to be decided when it will begin.
Furthermore, the implementation of this project will highly depend on cooperation between the private sector and the two governments of Tanzania and DRC, he said.

Committed to the production and supply of cheap and affordable goods across the country and East Africa at large, Bakhresa Company believes that this project will also create more job opportunities in the country therefore it seeks the governments’ maximum cooperation in implementing the project, he said.
http://www.ippmedia.com/frontend/index.php?l=50685
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