The Democratic Republic of Congo is set to launch its first stock exchange in 2027, which will include the Congolese franc and the US dollar. Finance Minister Doudou Fwamba Likunde Li-Botayi told Bloomberg News that the new exchange will allow the country to benefit from the growing demand for crucial minerals that will fuel the AI revolution. “The reality of our economy is that it is strongly dollarized,” Li-Botayi said in an email response, highlighting that more than 95% of total banking system deposits and over 80% of public securities
Starlink has received the green light to begin operating in the Democratic Republic of Congo (DRC) following a previous ban. Reuters reported that the Democratic Republic of Congo said that it had become the latest African country to grant a license to Starlink. In March 2024, the Congolese government announced that Starlink was banned from operating in the country, following concerns from military officials that it could be used by rebel groups, such as the Rwandan-backed M23, which had taken over more territory than ever in the east of the country
