DRC says central bank needs recapitalisation

Government says BCC has no real equity as war and elections add to economic crisis

kinshasa in the democratic republic of congo
Kinshasa, DRC

The Democratic Republic of the Congo’s cabinet considered plans to recapitalise the central bank, saying it had no real equity, amid an intensifying crisis.

The DRC’s vice-minister of finance, O’Neige N’Sele, presented plans to supply the central bank with almost Cfr213 billion ($83.1 million) in new capital. Under a 2018 law, the Central Bank of the Democratic Republic of Congo (BCC) must have Cfr213 billion in share capital.

N’Sele told ministers at a session on November 3 that the

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