The Democratic Republic of Congo (DRC) launched, on November 11, the revision of its Investment Code. This initiative was led by the National Agency for the Promotion of investments (ANAPI) in partnership with the Financing Unit in favor of fragile states (CFEF) and the Bank African Development (BAD).

The Investment Code provides a legal framework and guarantees to investors, thus attracting capital to stimulate, among others, economic growth, job creation or the infrastructure and technology development. The work of the revision of the DRC Investment Code opened by Guylain Nyembo, Minister of Development Assistance Plan and Coordination, were held in Kinshasa until November 13 and aim to modernise the legal framework to make it more attractive to investors.

Indeed, the Investment Code adopted in 2002 shows today the limits that hinder the country's attractiveness. rachel Pungu, director general of ANAPI, indicates that this Code suffers in particular from cumbersome administrative procedures, unclear tax incentives and gaps in legal security and investment protection. The objective of this revision is to make the Code more competitive at scale regional, while encouraging investments that create jobs and wealth, thanks to a strengthening of legal and judicial security in business practice.

According to Rachel Pungu, the current Code, based on the old configuration of 11 provinces, does not take into account the new territorial division of the country to 26 provinces, which limits its scope. Elle List other weaknesses as well: from eligibility criteria to benefits poorly defined taxes, such as the value added rate set at 35% without clear justification, and the absence of financial indicators allowing to assess the profitability of projects.