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IFC Global Trade Finance Program Expands to Democratic Republic of Congo, Boosting International Trade Prospects for Local Businesses
 

Washington, DC, October 26, 2007- IFC, a member of the World Bank Group, today announced that Rawbank, a leading financial institution in the Democratic Republic of Congo, is the first bank in the country to join the IFC Global Trade Finance Program. The program is providing the bank with a $3 million facility to support its international trade finance operations. This transaction expands on IFC's advisory services in the country, which are helping build a robust private sector and contribute to the country's overall development.

The article can be viewed at:

http://www.ifc.org/ifcext/africa.nsf/Content/SelectedPR?OpenDocument&UNID=D88A53EBFCCB50458525738000702D81


 
 
 
» Congo Capitalism
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Kinshasa's music, Congo's war
 
By John Murphy: It's business as usual in the former Zaire - war, economic collapse and dancing. Dancing? "Everywhere, every time, we have to dance," says Faustin Fwasa, the head of news for state radio and TV, who also used to have his own Congolese music show.

The article can be viewed at:

http://news.bbc.co.uk/1/hi/special_report/1998/11/98/crossing_continents/515727.stm
 
 
» Congo Capitalism
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In the world's most difficult place to do business, an Indian entrepreneur has built an empire of soap
 
(Fortune Magazine) -- Rajesh Nambiar manages a consumer goods empire like the proverbial village elder under a palm tree. Ambling by the green foliage on his factory premises in Kinshasa, Congo's capital, Nambiar isn't preoccupied with any grandiose supply-chain or production problems but rather with the quotidian concerns of his local staff.

The article can be viewed at:

http://money.cnn.com/magazines/fortune/fortune_archive/2006/08/07/8382598/index.htm
 
 
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