A document from the National Directorate for Payroll Control and Workforce Management (DINACOPE), dated November 14, 2025, shows that Afriland First Bank RDC has been stripped of its contract to pay teachers and cover operating expenses for schools across five areas of the country. The portfolio reassigned to other financial institutions represents 29,513 employees, 2,039 schools, and a monthly volume of about 12 billion Congolese francs, roughly $5.3 million, according to the document reviewed by Bankable.
Under the new arrangement, FirstBank will now handle payments in Gemena Ville in Sud-Ubangi. Equity BCDC takes over Idiofa in Kwilu; FINCA will run operations in Tshikapa 1 in Kasaï; IFOD takes charge in Yumbi in Maï-Ndombe; and TMB assumes control in Nyunzu in Tanganyika, DINACOPE said. The shift highlights internal problems that have weakened Afriland’s performance on this segment.
Officials cite payment delays and a series of irregularities attributed to Afriland First Bank RDC as reasons for the reassignment. The decision follows repeated complaints from teachers’ unions and elected representatives in the affected areas, who accused the bank of poor practices and called for payroll services to be moved to other institutions such as Equity BCDC, FINCA, or TMB.
Grievances had been building for months: payment delays of two to three months, allegedly unlawful deductions, obstacles during payment, selective disbursements, insufficient facilities at payment sites, and the absence of banking benefits. In Idiofa, in the Kwilu province, the teachers’ union even threatened to strike beginning November 7 if no solution was found. In a letter to the national finance minister, national lawmaker Boris Mbuku Laka explicitly requested that teacher payroll be transferred away from Afriland First Bank.
On September 12, 2025, Afriland First Group, headquartered outside the DRC, issued a statement distancing itself from Afriland First Bank CD, which has been under provisional administration since July 2021 following a decision by the Central Bank of Congo. The group said the DRC subsidiary is now fully managed by the Congolese government, which it accused of seeking to “strip” the original shareholders. The group added that it has taken its dispute with the government to the International Centre for Settlement of Investment Disputes (ICSID), where proceedings have been under way since August 2023.
Timothée Manoke, Bankable
Except for Tunisia entering the Top 10 at Libya’s expense, and Morocco moving up to sixth ahead of A...
Circular migration is based on structured, value-added mobility between countries of origin and host...
BRVM listed the bonds of the FCTC Sonabhy 8.1% 2025–2031, marking Burkina Faso’s first securitiz...
CBE introduced CBE Connect in partnership with fintech StarPay. The platform enables cross-border...
President Tinubu approved incentives limited to the Bonga South West oil project. The project tar...
Gold production rose 10% year on year, reaching 1.21 mln ounces in 2025. Lafigué delivered its first full year of output, offsetting declines at other...
African startup M&A hits record 67 deals in 2025 Consolidation driven by funding pressures and expansion strategies Fintech leads deals as “Big Four”...
Galiano Gold will invest at least C$17mln in gold exploration in Ghana in 2026. The budget is up 70% year on year and targets reserve growth at the...
Nigeria lowered oil and gas signature bonuses to $3m–$7m from much higher past levels. The change applies to payments made before license awards...
The Khomani Cultural Landscape is a cultural site located in northern South Africa, in the Northern Cape province, near the Kgalagadi Transfrontier Park....
Three African productions secured places among the 22 films competing for the Golden Bear at the 76th Berlin International Film Festival. Berlinale...