"The Democratic Republic of the Congo: Creating a More Secure Investment Climate"
Wilder Alejandro Sanchez
Guest Column
Advisor Perspectives
25 July 2022
Originally published: https://www.advisorperspectives.com/commentaries/2022/07/25/the-democratic-republic-of-the-congo-creating-a-more-secure-investment-climate
Attracting international investors and securing new trade partnerships while a country is involved in an internal armed conflict is very challenging. However, that is the task of the Congolese government and the National Investment Promotion Agency (Agence Nationale pour la Promotion des Investissements: ANAPI).
Kinshasa under Tshisekedi
Since coming to power in January 2019, President Félix Tshisekedi made it clear that bringing reliable and trustworthy international partners was imperative. On 11 July, International Commerce Minister Jean-Lucien Bussa Tongba told the local media that taxation in the country "is crushing." Thus, the government aims to cancel 14 taxes dealing with imports and exports to make the DRC more "economically competitive." The result will be an easier climate for investors to invest “more and more money [which will] allow us to diversify our economy.” the senior officer noted.
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