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Friday, 29 March 2024
USD / CDF
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Congo says balances 2017 budget without printing money
06:11 | 20/8/17
Reuters Africa
Congo has faced a worsening economic crisis this year, with inflation now at 50 percent, and the Congolese franc losing 30 percent making it one of the world's worst performers this year.
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UPDATE 1-Congo says balances 2017 budget without printing money
06:01 | 20/8/17
Reuters
Congo has faced a worsening economic crisis this year, with inflation now at 50 percent, and the Congolese franc losing 30 percent making it one of the world's worst performers this year.
more»
Foreign aid in Africa: Help or exploitation?
02:48 | 21/7/17
The London Economic
For example, 2,030 units of DR Congo's currency the Congolese Franc, equals only one British Pound. Despite, DR Congo being one of the wealthiest countries in the world, in terms of natural resources.
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Top 8 African investment destinations, DRC's dollar headache [Business Africa]
00:33 | 21/7/17
africanews
... from the research firm, Roland Berger who also explains why South Africa, one of the biggest African economies is missing on the list.
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Vodacom's revenue gains in SA offset declines in rest of Africa
18:33 | 20/7/17
Business Day (registration)
... while Mozambique remained flat. "In the DRC, economic weakness and decoupling of the Congolese franc from the US dollar continues to impact consumer spending.
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DRC: Effects of depreciating Franc bite
01:18 | 19/7/17
africanews
The Congolese franc came under pressure after years of relative stability, after the country's foreign currency reserves declined.
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Congo revises 2017 GDP growth forecast to 3.5 pct from 4.9 pct
07:41 | 27/5/17
Reuters
The government outlined a budget of $7.9 billion this year, up 10.6 percent on the previous year, and said it expected the Congolese franc to stand at 1,689 to the U.S. dollar at year end compared to 1,430 currently. (Reporting by Aaron Ross; Writing ...
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Miners ask Congo to adjust tax repayments for franc slump
02:03 | 20/5/17
Creamer Media's Mining Weekly
KINSHASA - Mining companies in the Democratic Republic of Congo asked the government to adjust pending value-added tax repayments for a slump in the franc that could cost them as much as $210-million collectively. Federation des Entreprises du ...
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Congo's Kabila names opposition figure Tshibala prime minister
18:56 | 8/4/17
Eyewitness News
“The nomination of Bruno Tshibala is a departure from the accord.” Tshibala will be confronted immediately with stern security and economic tests.
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World Bank warns DR Congo is facing enduring economic crisis
05:41 | 3/2/17
africanews
Another indicator, the same document reveals is the depreciation of the Congolese Franc in relation to the US dollar. According to the World Bank, the depreciation rate of the Congolese franc rose from -1 in 2015 to over 11% on 20 December 2016.
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Global Indices
Code
Last
Change
COMP
10,321
328
3.08%
DJI
29,635
404
1.34%
SP500
3,583
87
2.37%
DAX
12,438
82
0.67%
FTSE
7,488
5
0.07%
NI225
22,420
408
1.86%
TWI
67.27
0.00
0.00%
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Currencies
Code
Last
Change
EURUSD
0.9721
0.0055
0.56%
NZDUSD
0.5548
0.0093
1.65%
AUDUSD
0.6194
0.0107
1.70%
NZDAUD
0.8964
0.0010
0.11%