The Congolese government plans to collect about CFA1,935 billion, or $3.4 billion in revenues next year. This is about 17.2% higher than the amount estimated in the 2021 rectifying finance law.
To achieve its objective, the government mainly bets on oil and tax revenues. Oil revenues are expected to jump by 16% from $1.8 billion this year and tax revenues are expected to jump by 15% from $1.2 billion. For expenditure, the government plans to invest more than CFA1,734 billion in 2022, up from the CFAF 1,522 billion this year. The money will serve for debt settlement, goods, and services, as well as salaries. More than CFA329 billion will go for various investments. The government will provide a little more than 48% of investment needs while the remaining will come from external resources.
According to the African Development Bank (ADB), Congo's economy has been in recession for at least two years. This is mainly due to the fall in oil prices on the international market. However, the pan-African banking institution foresees a recovery of the global economy, thanks to possible mitigation of the covid-19 pandemic. That could positively impact the Congolese economy.
Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
Senegal sets its 2026 Digital Ministry budget at CFA81.06 billion, with nearly 60% directed to investments. The “New Deal Technologique” strategy...
Global airline net profit should rise to $41 billion in 2026, according to IATA. Africa is set to generate only $1.3 net profit per...
West Africa’s food economy represents 35% of regional GDP, yet weak transport and power systems keep costs high and limit efficiency. Food prices...
KenGen increased its profit after tax by 54% to KES 10.48 billion ($81 million). More than 90% of its 1,786 MW installed capacity comes from...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...
Mauritius recorded a 56% increase in UK Google searches for “Christmas in Mauritius” over the past three months. The island ranked fourth overall...