On Wednesday, July 10, 2024 in Brazzaville, 11 approval applications, or half of the 22 examined by the participants in the 1st session of the National Investment Commission (CNI) of the Republic of Congo, for the year 2024, received a ‘’favorable opinion without reservation’’. While 9 received a ‘’favorable opinion with reservations’’, and 2 others were ‘’adjourned’’. These are the conclusions of the work of this session held under the auspices of Mr. Athanase NGASSAKI, Director of Cabinet, representing the Minister of Economy and Finance, Mr. Jean-Baptiste ONDAYE, President of the CNI.

According to the members of the Commission, if all had been approved, the 22 requests for approval of the advantages offered by the privileged regimes of the Investment Charter, would represent 257 billion 618,029,428 CFA francs of investment intentions to be made, and 1,489 jobs to be created!

It should be noted that the requests examined had been addressed to the State by several companies, to obtain from it support that would ensure them a real economic take-off.

These companies operate in several sectors in Congo. Among them livestock; construction; transport; services;telecommunications; construction; and industry (particularly food and metallurgy).

In the opinion of the participants, "this 1st session of the year 2024 was held in a favorable national economic context, driven by the dynamism of manufacturing industries and a good orientation of services. These intentions of massive investments will contribute to the improvement of the seriously deteriorated economic fabric, following a succession of crises that the Congo has gone through".

For comparison...

In retrospect and for comparison from one session to another, it will be remembered that the last session of 2023 of the National Investment Commission, which took place on Saturday, November 11, 2023, had examined 35 files (compared to 22 today). Among them, 20 had received a "favorable opinion without reservation" (compared to 11 in 2024); 8 had been approved "subject to reservation" (compared to 9); and 7 were "adjourned" (compared to 2).

As a reminder, the National Investment Commission is the implementing body of the Government's investment promotion policy. It is supposed to meet every quarter (four times a year). Its main missions are to examine applications for approval, then to grant approved companies the advantages of the privileged regimes of the Investment Charter. The Presidency of the CNI is ensured by the Minister of Economy and Finance, Mr. Jean-Baptiste ONDAYE, Its Secretariat is held by the Director General of the Economy, Mr. Franck Mondesir MBOUAYILA TSASSA, assisted by the Director of Economic Regulation and Investment Monitoring, Mr. Crépin Bonaventure DZONDO.

The Communication Unit of the Ministry of Economy and Finance

Photo credit: B2B Communication