FILE PHOTO: People wait for transport in front of a campaign poster of the Democratic Republic of Congo's President Felix Tshisekedi for the upcoming presidential elections, in Kinshasa, the Democratic Republic of Congo December 16, 2023. REUTERS/Zohra Bensemra/FILE PHOTO
KINSHASA (Reuters) - Five years after graduating with a diploma in computer network maintenance, Georges Bamue, 27, still navigates the streets of Democratic Republic of Congo's capital as a motorcycle taxi rider, unable to find a job or raise enough to start a business in his trained field.
On a good day, he makes around $30, but with Congo's rampant inflation, the depreciation of the local currency, and multiple demands on his meagre income, he struggles to make ends meet paying rent and making sure his family does not go hungry.
Bamue, like millions of Congolese who will head to the polls on Dec. 20, has seen little improvement in living conditions despite Congo's vast critical minerals wealth, and promises made by President Felix Tshisekedi when he came to power in 2019.
"When I obtained my diploma, I was confident that the chapter with the motorcycle was over," he said, adding he started riding part-time as a student.
"I looked for a job, but unfortunately, I couldn't find one. That's how the idea of keeping the motorcycle stuck with me to ensure I don't go hungry," Bamue said.
Economic growth in world's top supplier of battery-grade cobalt and the third largest copper producer, boosted by its mining sector reached over 8.5% in 2022, among the fastest in sub-Saharan Africa.
But little of that has trickled down, with 62% of nearly 100 million Congolese living on less than a dollar a day and over 26 million dependent on humanitarian aid.
Cost of living has soared in the country that relies heavily on imports of food staples, which were made more expensive by the depreciation of the Congolese franc, with annual inflation running at over 30% in December, according to the country's statistics institute.
'CRUMBS FOR THE POOR'
"It is a mixed picture," said Jolino Malukisa, Congolese economist and associate researcher at the University of Antwerp in Belgium.
Malukisa said that although there has been some positive developments under Tshisekedi, such as accelerating growth and expanding national budget, little of that has had broader impact.
"We talk about growth but it's not inclusive growth," he said. "It benefits the elites and there are only crumbs for the poor citizens."
Malukisa said Congo's three-fold budget increase under Tshisekedi has seen an explosion in institutional spending, with the creation of new budget-intensive institutions, and lavish salaries for members of parliament, senators and other top political appointees.
In a report in September, Congolese civil society organisation, the Observatory for Public Spending, said budget overruns were recorded in 22 ministries and seven state institutions in 2022, including the presidency where budget execution rate exceeded 190%.
A civil servant earns an equivalent of around $100, while a member of parliament can earn up to $18,000 per month including benefits. Meanwhile, unemployment rate is at 80%, while most Congolese remain dependent on the informal economy, Malukisa said.
"What Tshisekedi could have done was to relaunch national production by creating national industries, but his policies failed to reassure foreign investors," Malukisa said.
Tshisekedi has blamed some of the Congo's economic woes, including inflation, on external factors such as the COVID-19 pandemic, the war in Ukraine, repeated Ebola outbreaks and the persistent security crisis in the east of the country.
He has touted a free basic education programme launched in 2019, and plans to introduce universal healthcare, as steps towards improving livelihoods.
On the campaign trail, Tshisekedi has promised to diversify Congo's economy, invest in agriculture, curb exports of raw minerals and increase local processing to create more jobs if re-elected.
His main opposition challenger, millionaire businessman Moise Katumbi, has said he will improve Congo's business environment to attract investors.
While there were no pre-election polls, some analysts say Tshisekedi has the incumbent's advantage, facing a crowded opposition field of over two dozen candidates in a single round election that requires a simple majority of the vote to win.
Bamue said he voted in 2018 hoping for a change and had been toying with the idea of sitting out the Dec. 20 election.
"I will do it (vote) to give it another chance and hope that the next president can bring about change," he said.
(Editing by Bate Felix and Tomasz Janowski)
