On December 26, 2024, during a meeting in Mbuji-Mayi, the President of the Democratic Republic of the Congo (DRC), Félix Tshisekedi, announced a $50 million investment aimed at revitalizing the Minière de Bakwanga (MIBA). This announcement is part of a provincial tour, where the head of state was warmly welcomed by an enthusiastic crowd. MIBA, once a flagship of the Congolese mining industry, has suffered from difficult management and internal crises that have hindered its development for decades. This investment is seen not only as a lifeline for an iconic company but also as a crucial lever to boost the local economy and improve the living conditions of the population. Indeed, the DRC, rich in natural resources, is at a critical turning point where the implementation of effective strategies could transform its economic landscape. [1]

A strong commitment to reviving a flagship company in the Congolese mining sector

The announcement of this major investment aims to revitalize the activities of MIBA, which has long been an economic pillar for the Kasaï Oriental region. Félix Tshisekedi emphasized the importance of this investment, stating that it was not a negligible amount and that rigorous monitoring would be implemented to ensure its effective use. This project is seen as a glimmer of hope for the inhabitants of the region, who have been severely affected by the economic difficulties related to the stagnation of mining activities.

The President promised that this investment would be accompanied by a structural reform aimed at improving transparency and efficiency within the company. This includes measures to secure mining concessions and attract investors, which could enable MIBA to regain its status as a key player in the mining industry. By revitalizing this iconic company, the Congolese government hopes not only to restore its reputation in the international market but also to strengthen the local economic fabric by creating a more stable and attractive environment for foreign investors.[2]

A comprehensive and integrated vision for the sustainable economic development of Kasaï Oriental

Félix Tshisekedi is not limited to the revival of MIBA. In his speech, he mentioned a broader plan for the economic development of Kasaï Oriental. This plan includes initiatives aimed at improving local infrastructure, such as roads and public services, to create a business-friendly environment. The goal is not only to revitalize MIBA but also to encourage further investments in various economic sectors.

In parallel, the President emphasized the crucial importance of creating jobs for the youth in the region. The revival of MIBA could generate several thousand direct and indirect jobs, thereby contributing to improving the living standards of local populations. Furthermore, projects in the educational and health sectors are also planned to enhance the general well-being of citizens. This integrated development aims to establish a virtuous circle where improved economic conditions lead to a better quality of life, thus fostering a climate conducive to future investments. By strengthening infrastructure and supporting local initiatives, the government also hopes to encourage local entrepreneurship and stimulate innovation within communities.[3]

Strict oversight and high expectations for the use of public funds

To ensure the success of this ambitious initiative, Félix Tshisekedi has promised rigorous oversight of the allocated funds. He emphasized that every dollar spent should have a tangible impact on the ground. Expectations are high among workers and local communities who see this investment as a unique opportunity for economic revival.

The effective implementation of this plan will be crucial. Previous investments in MIBA have not always yielded the expected results due to poor management and lack of oversight. President Tshisekedi has therefore emphasized the importance of a solid legal framework and transparent governance to avoid past mistakes. This also includes the commitment to involve local stakeholders in the decision-making process so that their concerns are taken into account and their voices are heard in this new phase of development. By establishing clear control mechanisms and promoting open communication with local communities, the government hopes to strengthen trust between citizens and their leaders.[4]