DR Congo Passes Law to Create Kinshasa Stock Exchange

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President Félix-Antoine Tshisekedi signed Law 26/034 on securities markets on 20 August 2026, which was subsequently published in the official journal on 2 September. The legislation establishes a regulatory body, the Autorité de régulation des marchés financiers (ARMF), and provides the legal framework required to create the Kinshasa Stock Exchange. Championed by Finance Minister Doudou Fwamba Likunde Li-Botayi under Prime Minister Judith Suminwa Tuluka, the initiative aims to capture domestic value in an economy currently reliant on foreign financing for its significant mining sector. The government has set an ambitious target for initial listings between June and December 2027.

Consequences

In the near term, the government must appoint leadership for the ARMF and establish the operational infrastructure, including rulebooks and trade settlement systems, before the exchange can be licensed. Potential initial activity may include the issuance of sovereign or municipal bonds rather than equity listings, as the market seeks to attract banks, telecoms, and mining firms.

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