On Thursday, November 11, 2022 in the meeting room of the Ministry of Economy and Finance, in Brazzaville, was held the 2nd session, for the current year, of the National Investment Commission (CNI). The Director of Cabinet, Athanase Ngassakys, opened the session on behalf of Jean-Baptiste Ondaye, the Responsible Minister and President of the Commission. In the presence of his counterpart Ferdinand Sosthène Likouka, Director of Cabinet of Mrs Ingrid Olga Ghislaine Ebouka-Babackas, Minister of Planning, Statistics and Regional Integration; and the Director General of the Economy, Franck Mondésir-Mbouayila-Tsassa.
Participants discussed 39 new private companies’ files, 38 of which were new (led by ASPERBRAS CONGO SARLU) and 1 under review (that of the SACO company). The total amount of investment intentions was estimated at 607 billion 733 million 335.016 F CFA, for a number of jobs to be created, between 4.179 and 4.223.
The sectors of activity of all these entities are Agropastoral, Fishing, Fish farming, Automobile, BTP (Building and Public Works), Health, Port Services, Insurance and Reinsurance, Management, Real Estate and Hotel Development, Transport, Services, Industry, Construction and Forestry.
Athanase Ngassakys indicated that ‘’these investments are mainly located in Brazzaville and Pointe-Noire. They are part of the realization of the vision of His Excellency the President of the Republic, Denis Sassou- N'Guesso: that of leading Congo towards the diversification of its Economy’’.
It should be noted that this second session of the CNI of the year 2022 was held in a national economic and financial context marked by the slowdown of economic activities, and that these massive intentions will undoubtedly contribute to the improvement of the Congolese economic fabric, which has been deteriorated in particular by the economic and health crisis that the Congo went through between 2014 and 2022. This crisis was aggravated by the consequences of the Russian-Ukrainian conflict which started in February 2022.
As a reminder, the National Investment Commission is the technical body for the execution of the Government's policy on investment promotion. It is placed under the supervision of the Ministry of Economy and Finance. The CNI's mission is to examine applications for approval; to grant approved companies the advantages of the privileged regimes contained in the National Investment Charter; and to accompany these companies towards their development.
The first session of the CNI, for the year 2022, took place on 29 March. In total, 4 files were examined, 3 approved and 1 postponed.
The Communication Unit of the Ministry of Finance and Budget