Category: Democratic Republic of Congo

Congo Reinvigorates Domestic Trade with Resumption of Rail and River Transport

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A new era is dawning for transportation in the Democratic Republic of Congo. After a hiatus of more than a year and a half, rail connections between Kinshasa and Matadi and river routes between Kinshasa and Kisangani have resumed. This initiative has been hailed by the government as a crucial lever to revitalize the national economy. During an official ceremony at Kinshasa’s central station, the Minister of the Portfolio, Jean Lucien Bussa, emphasized the importance of this resumption for the fluidity of domestic trade. “This resumption marks a significant improvement…

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DRC : Congolese Government Called to Present a Viable Project for the Development and Revival of the Lobito Corridor

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The Deputy Prime Minister, Minister of Transport, Communication Routes and Opening Up, Jean-Pierre Bemba, accompanied by the Ministers of Infrastructure, Alexis Gisaro, and of Portfolio, Jean-Lucien Busa, as well as representatives of the Ministers of Finance, Planning and Justice, chaired an important meeting this morning in the large Council of Ministers room at the government hotel. The meeting focused on the development and revival of the Lobito Corridor railway with a significant delegation from the U.S. government’s Partnership for Global Infrastructure and Investment (PGI). The U.S. Government presented to the…

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DRC : TRANSCO bolsters its fleet with 16 new Mercedes-Benz buses

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Congo’s public transport company, TRANSCO, on Monday took delivery of a new batch of 16 Mercedes-Benz buses assembled in Kinshasa by Suprême Automobile. This acquisition is part of the government’s program to modernize TRANSCO’s fleet and improve the quality of public transport services. The reception ceremony was attended by TRANSCO’s Director General Cyprien Mbere Moba, the Secretary General for Transport, and a representative of the Deputy Prime Minister and Minister of Transport and Communication. Mr. Mbere Moba expressed his gratitude to President Félix Tshisekedi and his government for this crucial…

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AFREXIMBANK GRANTS A $100 MILLION CREDIT TO BOOST TRADE FLOWS TO AND FROM THE DRC

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Afreximbank Accorde un Crédit Commercial de 100 Millions de Dollars à Rawbank en RDC

The African Export-Import Bank (Afreximbank) has signed a landmark agreement for a US$100-million trade finance facility with Rawbank, a leading commercial bank in the Democratic Republic of Congo (DRC). This significant deal aims to enhance trade flows into and out of the DRC, providing much-needed support for the country’s economic development. This facility, the largest trade finance agreement ever extended by Afreximbank to a commercial bank in the DRC, is expected to alleviate pressure on the country’s balance of payments. The facility utilizes the trade finance instruments offered by the…

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DRC: 10 new Mercedes-Benz buses “made in DRC” to expand Transco’s fleet

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On Thursday, April 11, 2024, the Minister of Transport, Roads, and Decongestion of the Democratic Republic of Congo (DRC), Marc Ekila, presided over a ceremony to hand over ten (10) 49-seat buses, Mercedes-Benz “made in DRC”, to the General Director of the Congo Transport Company (Transco). “This second delivery will be added to the 21 vehicles already received on November 17, 2023, from the company “Supreme Automobile” which has a contract with the Congolese government for 230 buses for its public transport company,” said a press release from Transco. During…

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DRC: HEAD OF STATE INAUGURATES THE FIRST “MERCEDES BENZ” BUS ASSEMBLY PLANT

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The President of the Republic, Félix Antoine Tshisekedi Tshilombo, inaugurated the “Suprême automobile” plant in Kinshasa on Saturday, June 10. The plant specializes in the assembly and manufacturing of Mercedes Benz bus bodies. The establishment of this company in the Democratic Republic of Congo (DRC) is a historic event that comes more than 30 years after the departure of the American automotive giant, General Motors, and marks the return of an automotive industry to Congo. It is the realization of the vision of the Head of State, who aims to…

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Kinshasa’s mass transit system to be rebuilt by Africa Finance Corporation and Trans Connexion Congo

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Africa Finance Corporation (AFC) (www.AfricaFC.org), the leading infrastructure solutions provider on the continent, has entered into a joint development agreement with Trans Connexion Congo (TCC), to jointly develop a mass transit system covering a linear route of 300km of railroad in Kinshasa, Africa’s most populous city, in the Democratic Republic of Congo.   The development of this urban train is to be executed in four phases, with the first phase being a 25km rail connection from the central station of Kinshasa to the city’s N’Djili International Airport. Implementation will involve…

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DRC: Transco puts 100 new buses on the road in Kinshasa, in the face of transport difficulties

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The country has been facing a fuel shortage since last September 5. In order to help the population to face the transport difficulties linked to this situation, the government has decided to put 100 new buses in circulation in the capital Kinshasa.   This decision to reinforce the fleet of the public company of public transport (Transco) was made public on Wednesday, September 07, 2022, last by the minister of hydrocarbons, Didier Budimbu.   “TRANSCO aligns 160 buses in Kinshasa. But with the measures which were taken by the Government,…

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WESTERN UGANDA ROADWAY PAVES THE WAY FOR HIGHER INCOMES, MORE TOURISM REVENUE IN THE REGION

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The Kigumba–Masindi–Hoima–Kabwoya road in western Uganda has opened for traffic, paving the way for increased regional trade, tourism and oil production. A $109 million loan from the African Development Fund and $34 million from the Ugandan government funded the Road Sector Support Project 4, which included civil works for upgrade of the 135-km  road from gravel to bitumen standard. With the road upgrade, travel time to northern Uganda is expected to reduce by 50 percent. The roadway also links the region to the east of the Democratic Republic of Congo…

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