On February 2, head of government of DRC Augustin Matata Ponyo said the fall in prices of commodities could compromise funding of upcoming elections, the presidential included. This implies that the fall could allow actual President Joseph Kabila to remain in power beyond December 2016 where elections are to take place.
“If the price of copper falls to $2600 per ton and barrel of oil to $10, and also if all mining companies close (…) we won’t finance the elections with the population’s money,” Matata Ponyo told a press conference. The head of government also said these prices would “drop further” in 2016 as a result of weakening demand which will have“direct impact” on the country’s revenues.
According to the electoral commission, the revision of electoral register should cost $1.2 billion.
Regarding the staying in power of actual President Kabila, it should be recalled that subsequent to his re-election in 2011, a wave of killings arose in 2015 following protests by the population against the implementation of a legislation which would have allowed the president to extend his mandate by postponing the elections in 2016.
Joseph Kabila came into power in 2001 after the assassination of his father, Laurent-Désiré Kabila, during Congo’s second war before being elected for his first mandate in 2006. Re-elected for a second mandate in 2011, opposition contested elections saying they were fraudulent thus the current crisis it experiences.
• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...
Lebara Group is now bringing its affordable and reliable mobile services to Africa, starting with Ni...
In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...
• Google unveils Veo 3, its latest AI tool for ultra-realistic video generation• Experts warn deepfa...
• Gates Foundation commits $1.6 billion over five years to Gavi.• Bill Gates warns of rising ch...
• Mali plans to increase its total cotton cultivation area to 672,000 hectares in the 2025/2026 season, marking a 7.8% or 50,000-hectare increase from the...
• Tanzania Railways Corporation inaugurated freight service on the Standard Gauge Railway (SGR) between Dar es Salaam and Dodoma.• The SGR is part of...
• World Bank advocates for green jobs as a strategic solution for Gabon's economy and youth unemployment.• Despite natural wealth, training in sustainable...
(AfDB) - The African Development Bank and the Asian Infrastructure Investment Bank (AIIB) have signed an agreement strengthening their collaboration on...
In northern Ethiopia, in the Tigray region, lies Axum (also spelled Aksum), an ancient city that once stood at the heart of one of Africa’s most powerful...
Lake Natron, located in northern Tanzania near the Kenyan border, is one of the most extraordinary and extreme lakes in Africa. Fed primarily by the Ewaso...