MagIndustries Corp MAAFF

mention of MAA

[pangloss81]

From a source called AllAfrica, which was in french but i put through google translate

Kinshasa, Apr 21, 2010(Le Potentiel / AllAfrica Global Media via COMTEX) - One is Canadian andone American. Both of thesedistinguished visitors have invited the ROK to improve the businessclimate. Speaking at the GovernorGeneral Michaelle Jean on Monday at Palais de la Nation in Kinshasa, thepresident has expressed the wish to see Canada to invest more in theDRC. " In response, the GovernorGeneral and Commander-in-Chief of Canada agrees and is a prerequisite:you must first "improve the business climate."

"We have everything togain by sharing our experiences and collaborating more in the effortsand initiatives to promote greater accountability, greater socialparticipation of enterprises in all sectors. That is to say that thebusiness must register and be practiced in an ethical, respectful of thepeople, "she said in substance. Michaëlle Jean is awareof the difficulties faced by Canadian firms operating in the DRC. KMT, a subsidiary ofFirst Quantum, a subsidiary of Canadian MagEnergy MagIndustries, andothers to move in the DRC.

Deputy U.S. Secretary ofState for African Affairs Johnnie Carson also held the same language tothe Congolese authorities. For fiscal 2010, the DRCis classified in the second to last in the list of countries least ableto ensure the vitality of the business climate because of corruptpractices. The revelation of thissad situation is the report "Doing Business" prepared by the World Bank.Efforts have been madetowards meeting the oft-repeated concerns of both domestic and foreigneconomic operators. The membership of the DRCOHADA Treaty has been the most significant advance so far recorded. In the same vein, lawserecting barriers to good business practice have been pruned from thelegislation.

Unfortunately, accordingto investigators, good communication was not conducted in educatingplayers on the field. These administrations andeconomic operators concerned. Good intentions arelimited to ministerial offices without real impact on those who are indirect contact with stakeholders.

It is true that thegovernment has worked hard to clean up the business environment in DRC. On land, its commitmentsare rarely acted upon incentives. The isolated gestures towalk on this path have certainly not missed. But the results are slowin coming.

Michaelle Jean andJohnnie Carson simply remind the Congolese authorities that thedevelopment often comes with the private. The official developmentassistance and donations from international financial institutionspartially solve the problems of poverty. Especially theimprovement of competitiveness in global trade flows can give poorpeople access to additional revenue and improved well-being certain.