Search

IMF backs DR Congo with $442mn as Eurobond plans take shape

The streets of Congo. Photo by Lock Larsen Ansalla @ Pixabay
The streets of Congo. Photo by Lock Larsen Ansalla @ Pixabay
  • IMF approves $442mn tranche, lifting programme disbursements
  • Congo eyes debut Eurobond amid mining-led growth

 

KINSHASA, CONGO – The International Monetary Fund approved a fresh $442mn disbursement for the Democratic Republic of the Congo, shoring up external support as the government prepares a return to global debt markets.

People familiar with the matter said Citibank has been designated to advise on a planned debut Eurobond, signalling Kinshasa’s intent to test investor appetite after years away from international capital markets.

Recent Business

Beatrice Mensah-Tayui, founder and chief executive of Cybele Energy, Ghana
PODCAST: Beatrice Mensah-Tayui, Africa’s oil glass-ceiling breaker
Read More »
Fibre optic cables. Photo by Albert Stoynov on Unsplash
Africa builds land-based data backbone linking Red Sea to Nile Basin
Read More »
Cocoa Farmer. © Pexels
Is West Africa’s cocoa cash crunch setting up the next global chocolate shock?
Read More »

Recent Politics

Kenya youth protest @ Unsplash
Kenya church attack on ex–deputy president exposes security rifts
Read More »
Ghana ex-vice president Mahamudu Bawumia to lead opposition NPP in 2028 polls. Photo: Bawumia/Facebook page
Ghana opposition NPP re-elects Bawumia as flagbearer ahead of 2028 polls
Read More »
Raila Odinga was seen as the father of democracy in Kenya. Photo @ Raila Odinga/Facebook
Raila Odinga’s death exposes deep family rift inside Kenya’s opposition ODM
Read More »

Latest Posts

Latest news insights