CONGO DRC: LEADING CONGOLESE FIRM OPTS FOR ISFIN

Liliane Mubanga, Partner & Senior Executive of Thambwe-Mawamba & Associés Law Firm (TM&A’s) and Prof. Laurent Marlière, CEO of ISFIN announced a synergy to consolidate and boost the investment market in CONGO RDC.

Marlière says: “ISFIN’s coverage of Africa became the finest for an independent advisory” 

CONGO focuses huge interest on its natural resources but not only… The Democratic Republic of the Congo (DRC) is the second largest country in Africa and potentially one of the richest in the world in terms of natural resources.

The DRC is recovering politically, and this opens up economic opportunities. After reaching 5.8% in 2018, Africa and Congo DRC could handle in a better way the effects of the coronavirus pandemic (COVID-19). The gradual recovery of global economic activity and the start of production at the Kamoa-Kakula mine should pave the way for a rebound in economic growth to 4.5% in 2022.

Capital inflows and other financial flows, including foreign direct investments (FDI) will be on the rise in the coming years.

Although the DRC initiated reforms aimed at strengthening governance in the management of natural resources and improving the business climate, the country is ranked 184 out of 190 countries in the Doing Business 2019 report. Prof Marlière says: “One needs to be equipped with trusted advisors who both know the local business culture and the expectations from foreign investors. This is what our new local partner can provide with an understanding of sophisticated investors coming from Europe, America but China and the Middle East as well.”

Liliane Mubanga says that Congo now attracts foreign investors from new horizons. Real Estate becomes a new focus.

The primary minerals sector is the country’s main source of revenue. Copper, cobalt, gold, coltan, diamond, tin and tungsten, along with oil from offshore fields, provide over 95 percent of the DRC’s export revenue.

The agricultural sector and the forestry sector present opportunities for economic diversification in the DRC. The National Strategic Development Plan (NSDP), currently being finalized, plans to use agricultural transformation to advance the DRC into a middle-income country by 2022.

Liliane Mubanga says: “The tertiary sector includes retail and wholesale sales, banking, transport and communication components.  Micro commerce dominates the retail sector; the banking sector is small in terms of capitalization, but diverse in terms of ownership; the highly competitive telecommunications industry is expanding into electronic banking.”

There are currently 17 operational banks in the Congolese banking industry. The DRC is finally opening up its insurance sector. The new regulator ARCA (Autorité de Régulation et de Contrôle des Assurances), approved four new insurance companies and two insurance brokers. The insurance sector will hopefully stimulate the economy, by mitigating risk and financing economic development projects.

About Thambwe-Mwamba & Associés Law Firm (TM&A’s)

Our law firm with a human face combines the ability to imprint a personal mark in the relationship with the client, and the professionalism in the handling of business.

Mindful of the ever-growing complexity of legal matters with the globalisation of markets and business, which require an ever-increasing specialization of lawyers, our members keep on deepening consistently their knowledge of preferential matters, thus maintaining its multidisciplinary vocation.

The synergy of the skills of the members, reinforced by those of external consultants recognized in their specialties, enables the law firm to master a broad range of areas of law.

The law firm naturally remains well equipped to offer the traditional services that any lawyer is likely to providing from his study.

Scope of intervention

Labour and Social Security Law, Business and Company Law (OHADA), Mining, Hydrocarbons, Gas and Energy law, Tax Law, Insurance Policies, Real Estate Law (commercial, professional and residential leases, real estate development and construction, ownership, co-ownership, management and real estate transaction), Family law (inheritance, divorce, adoption, affiliation and recognition of children), Criminal Law, Banking Law, Consultancy, Negotiations & investment support and drafting of legal documents.

About ISFIN

ISFIN - Emerging Markets Advisors - is a global advisory active in 75 countries. It acts as a business facilitator between East and West and has a unique knowledge of the Middle East, African and Asian markets. The organization is supported by a network composed of the most innovative and highly regarded independent law, audit & accounting firms. It has a deal room offering off market investment opportunities to clever investors.

Contact Information

Laurent Marlière, CEO ISFIN                                    

+(32) 475422149                                                                    

LM@isfin.net                                                                           

www.isfin.net    

Liliane Mubanga

Avocat/ Senior Executive

Thambwe-Mwamba&Associés
Office: (+243) 81 710 0018

cabinet@thambwe.com
Direct: (+243) 81 814 64 45 

mubanga@thambwe.com

Address: 364, Blvd du 30 Juin

Immeuble KIYO YA SITA

Kinshasa/Gombe

RD Congo