DRC government introduces two new bills on insurance and leasing

Dec 06, 2012

Two bills regulating insurance and leasing were presented on December 4th in front of the Parliament of the Democratic Republic of Congo.

Two bills regulating insurance and leasing were presented on December 4th in front of the Parliament of the Democratic Republic of Congo.

The first bill aims to implement a new legislation to liberalize the insurance sector and end the monopoly of the National Insurance Company (SONAS).

The Minister for Finance, Patrick Kitebi, explained that this legislation will help the sector play its key role in the economy, La Prospérité newspaper reports.

Products that can usefully be developed include, but are not limited to, health insurance, micro-insurance, agricultural insurance and other products that can alleviate poverty and promote small and medium enterprises.

The Minister presented a second draft law on leasing, which also introduces a legal framework.

He believes that it is of great importance for improving the business climate as well as wealth and job creation.
Simon Floribert Mbatshi Mbatshia, elected in the electoral district of Lukula, told 7sur 7 that this law is timely as the current provisions regarding leasing contained in the Civil Code are inadequate and insufficient.ADNFCR-2976-ID-801502096-ADNFCR