“almost all public companies have achieved negative results for 3 years”

2 mins

In the Democratic Republic of Congo (DRC), public companies are considered veritable lame ducks even though the State relies on them for its economy. This October 14, 2024, the Minister of State Portfolio returned to the situation in which public companies, with mixed capital or participation, are evolving. Jean-Lucien Bussa’s clear observation: they have not made any profit for 3 years. The latter recently presented measures to try to revive the productivity of these companies. He was in front of the press Monday evening in Kinshasa, a meeting attended by Pascal Mulegwaour correspondent.

“ People are outside the general interest »

“ If I only take the last three years, almost all of these companies have achieved negative resultssaid Jean-Lucien Bussa. But when you see the salary tables displayed, it is in blatant contradiction with the results. This is the reflection, at the same time, of an unacceptable governance, but at the same time of a less orthodox and not results-oriented management. “.

The Minister of Portfolio added: “ There is very little strategic investment. You also note that operating costs are very high, and that this is not justified. But also, social debts are enormous, as much as other categories of debt. Many companies have drained cash flow due to these unfair judgments and untimely seizures of accounts and assets. »

And to conclude: “ Since I have been here, for three and a half months, most of the company leaders have spent their time arguing. People are outside the general interest. The core business is not the priority. We realize that, in certain respects, the problem is that of the profiles of public officials. Beyond the difficulties that some companies are experiencing, there is potential that must be explored and exploited. »

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