SITEC forum places entrepreneurship at the centre of national strategy
Few venues capture the pulse of Congo-Brazzaville’s evolving economic narrative better than the Salon de l’innovation, de la technologie et de l’entrepreneuriat (SITEC). Its second edition, convened on 11 November in Brazzaville, opened with an unambiguous message: the Republic’s demographic dividend will translate into prosperity only if the younger generation embraces entrepreneurship on an unprecedented scale. Throughout the day, policymakers, executives and scholars converged on one theme—unlocking youth potential so that tomorrow’s economy is not merely consumed but consciously built by Congolese hands.
Statistical evidence of a gathering momentum
Delivering the inaugural presentation, Emeriand Kibangou, Director-General of the Congolese Business Creation Agency (ACPCE), sketched an upbeat tableau supported by hard numbers. In 2023, formal company registrations leapt by 29.7 % year-on-year, reaching 4 188 compared with 3 230 in 2022. The expansion has continued in 2024, when 4 987 new enterprises were entered into the national wp-signup.php—an additional 19.1 % in the space of twelve months. During the second quarter alone, 1 272 start-ups emerged, propelled by promoters with an average age of thirty-nine. The services sector dominates, accounting for more than four firms in five, half of which are rooted in commerce. Nearly three quarters of all entities remain sole proprietorships. “Each statistic is a seedling of national wealth,” Kibangou noted, arguing that formalisation is rapidly replacing informal micro-activity and giving public authorities a clearer line of sight on tax revenues and employment generation.
Procedural reforms ease entry, but credit still constrains ambition
The numerical uptick is inseparable from regulatory fine-tuning spearheaded by Minister of Small and Medium-Sized Enterprises and Handicrafts Jacqueline Lydia Mikolo. Administrative costs for setting up a business have fallen six-fold—150 000 to 25 000 FCFA—making Congo one of Central Africa’s more affordable jurisdictions for aspiring founders. Mikolo, addressing the SITEC audience, emphasised that youth participation in entrepreneurship has climbed from an estimated 10 % to around 40 % in under a decade. Yet she tempered celebration with caution, describing access to finance as “the final frontier.” Commercial banks, she argued, must revise collateral requirements and develop risk-sharing instruments if the country is to see a new generation of innovators graduate from micro scale to value-chain anchors.
From training to market entry: FONEA’s complementary mandate
Beyond legal facilitation, employability programmes seek to align human capital with entrepreneurial opportunity. Ghislain Louboya, Director of Apprenticeship at the National Fund for Employability and Apprenticeship (FONEA), reminded delegates that structural unemployment still shadows the economy. Of 6 000 young people trained by his organisation, fewer than one in three has secured stable wage employment. “Entrepreneurship is not a fashionable detour; it is a pragmatic response to a constricted labour market,” he stated. FONEA is therefore redirecting resources toward local value chains, pairing technical courses with business incubation and occasional co-financing in partnership with private firms—a strategy designed to lift survival rates of start-ups, which the ACPCE places at a promising 85 % for the 6 000 businesses created in 2025.
Toward an innovation-led growth paradigm
Taken together, SITEC’s proceedings outlined a coherent policy architecture: streamlined registration, cost relief, vocational alignment and a drive toward inclusive finance. Each pillar converges on a larger ambition—positioning the Republic of Congo in regional digital and service corridors now burgeoning across Central Africa. Speakers repeatedly invoked the image of the young entrepreneur not only as job seeker but as job creator, a subtle yet seismic shift in societal expectations. Whether the banking sector will heed the ministerial call and adjust its risk calculus remains the pivotal question. For the moment, the upward curve in registrations and the palpable energy in Brazzaville’s exhibition halls offer grounds for cautious optimism that a culture of innovation is taking irreversible root.