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Virtually all banks are closed. Currency shortages abound. Staples prices have jumped. Now residents are finding themselves subject to new taxes imposed by the insurgents, who need money to finance ...
Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.
Tropical forests in eastern Congo that fell into rebel hands this year have seen a spike in illegal logging to produce ...
Kinshasa (AFP) – A falling local currency, salary arrears payments and war spending have pushed up prices in impoverished Democratic Republic of Congo, leaving locals struggling to afford basics.
He was convicted on all charges. Bujakera’s six months behind bars and a fine of one million Congolese francs (US$400) is a stark reminder of the growing government crackdown – including ...
Others were newer. “Everyone prefers U.S. dollars over Congolese francs,” one money changer told me. “It’s more stable. A lot of people here are import-exporters, and those who go to Dubai ...
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