Oxus RDC on France 24
Submitted by admin on Mon, 06/02/2014 - 18:25France 24 shot in Kinshasa this week for a special edition about the entrepreneurship in Democratic Republic of Congo.
While the African continent is undergoing a fast-growing economic transformation, DRC still suffers from a strong crisis and struggles for development. On the other hand, foreign investors and Congolese diaspora are on their way back to the country to take part in this uneasy but tangible recovery. Stéphanie Antoine, French journalist for France 24 interviewed political and economic decision-makers as PM Augustin Matata Ponyo or else Michel Lozembe, President of the Congolese Bank Association but also the small entrepreneurs who are at core of the country's economic recovery.
Among them was Eric Marquer, CEO of OXUS RDC, a microfinance institution - part of IPAE's 14 current investments. Under the scope of Oxus Group, Oxus DRC provides microfinance services for over 7000 clients but the local demand is far from being entirely covered. Only 2% of the Congolese are estimated to have a banking account, 5% with the MFI's clients. This rate is extremely low even for an African country and could be uppered by a long-required foreign investment driving force. Growth performances on this segment being able to reach 20% each year.
Watch the broadcast online (part. 1)
Watch the broadcast online (part. 2)
_