AfDB: role of a Congolese public institution in industrialization explained at annual meetings (Industry Promotion Fund)

Kinshasa, May 25^th, 2026 (CPA).- The role of the Industry Promotion Fund (FPI) in the industrialization of the Democratic Republic of Congo was explained Monday by the Director General of the public institution during a panel discussion held on the sidelines of the Annual Meetings of the African Development Bank (AfDB), organized in Brazzaville, Republic of Congo, according to a statement consulted by CPA. “The CEO of the Industry Promotion Fund, Hervé Claude Batukonke, explained the role played by his public institution in the industrialization of the DRC during his intervention in a panel on project preparation and financing on the margins of the AfDB Annual Meetings,” the statement read. According to the source, Mr Batukonke stated that his institution advocates regional and international openness for project co-financing, specifying that any industrial or development project follows a cycle from conception to implementation, requiring expertise and skills in project design. He also emphasized the importance of project support structures across the continent, with a focus on networking. Furthermore, Christian Yoka, Minister of Finance, Budget and Portfolio of Congo-Brazzaville, indicated that these proceedings, held concurrently with the 52nd ordinary session of the Association of African Development Finance Institutions (AADFI), present several challenges which can be overcome and transformed into investment opportunities. The FPI is a member of the AADFI, which brings together more than 100 financial institutions across Africa under the sponsorship of the AfDB.