FPI seeks government support for the recovery of its debts

Author: radiookapi.netPublished on: April 13, 2026Country: Democratic Republic of the Congo

Business & Economy

FPI seeks government support for the recovery of its debts

The Fund for the Promotion of Industry (FPI) is seeking government support to recover a debt of approximately 300 million dollars. The interim Minister of Industry proposed an audit of the debts and the establishment of a special commission to categorize debtors and negotiate transaction protocols. This recovery is deemed essential to support the Congolese economy and the industrial sector.

Stay informed with NewsBoulevard

Get the latest news summaries delivered to your inbox

Related News

Livestock Devt Minister leads discussion panel at Vanguard Economic Discourse

PoliticsBusiness & EconomyNigeria

Urowayino Jeremiah•15m ago

Livestock Devt Minister leads discussion panel at Vanguard Economic Discourse

The Honorable Minister of Livestock Development, Idi Mukhtar Maiha, will lead the discussion panel at the 2026 Vanguard Economic Discourse on April 22, 2026, at the Civic Centre, Victoria Island, Lagos. This year's theme is Food Security and Socio-economic Stability, focusing on Nigeria's agricultural sector. The minister will engage with key agro-food sector leaders, including the Minister of Agriculture and Food Security, Sen. Abubakar Kyari, and keynote speaker Dr. Hussein Gadain from the FAO.

Electricity: FG sets up committee to tackle gas to power challenge

PoliticsBusiness & EconomyNigeria

Urowayino Jeremiah•15m ago

Electricity: FG sets up committee to tackle gas to power challenge

The Federal Government has inaugurated a Gas-to-Power Monitoring Committee to address gas supply challenges affecting electricity generation in Nigeria. Minister of Power, Chief Adebayo Adelabu, noted that gas-fired power plants account for about 80% of the country's electricity generation but face disruptions and mounting debts. The committee will focus on repairing damaged pipelines and settling debts to suppliers.

Sugar Production: FG tasks Dangote Group on 600,000MT target by 2030

PoliticsBusiness & EconomyNigeria

Urowayino Jeremiah•15m ago

Sugar Production: FG tasks Dangote Group on 600,000MT target by 2030

The Minister of State for Industry, Senator John Owan Enoh, has tasked the Dangote Group to expand the annual production capacity of its subsidiary, Dangote Sugar Refinery (DSR), to 600,000 metric tonnes by 2030. During his visit to the DSR Complex in Numan, Adamawa state, he noted that current local sugar production falls short of the 1.8 million metric tonnes consumed annually. The minister also expressed the federal government's willingness to work with DSR to eliminate obstacles to increased local sugar production in Nigeria.

Stay Updated with NewsBoulevard

Subscribe to our newsletter for the latest news summaries delivered to your inbox

Learn more