We want to assist you Invest in DRC Congo, get Business Opportunities in Congo as well as to search for and connect with leading Companies in Congo. We also provide a list of key Government trade advisors who assist you with doing business in Congo and other relevant business information on Congo. Specifically we offer three digital portals that are FREE to use and will be of interest to you…..You can join our Africa Business Community FREE so we can promote your company here. After that if you have a specific investment or business proposition add it to the Africa Business Opportunities Dashboard FREE. Want investment, or to find a business partner, are you selling real estate etc, do you have goods, products or services you want to promote? If so our Africa Business Opportunities Dashboard is for you. View some of the business opportunities uploaded by our Africa Business Community here. Fast growing, more established Congo companies with experienced management teams looking for investment can add themselves to our closed AFSIC African Investments Dashboard – after you have uploaded information about your investment opportunity we can send it directly into the inbox of many of Africa’s most important investors. To benefit from any of these options join our Africa Business Community today FREE !
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Country overview: Democratic Republic of Congo is located in Central Africa. It has a coastline on the Atlantic Ocean but is otherwise landlocked sharing borders with about 7 countries. It gained its independence from France on 30 June 1960. Its constitutional capital is Kinshasa with 26 provinces which serve as administrative divisions. It is a multiparty semi- presidential republic with the President sitting as the Head of State and Prime Minister as Head of government. It runs a bicameral national assembly as the legislative arm of the government. French is the official language while Lingala is the lingua franca trade language. It is a predominantly a Christian country. It practices a civil law modelled after Belgian law system, also customary and tribal law. It has an area size of 2.34 million sq km making it the largest country in Sub-Sahara Africa, only Algeria is larger in Africa. DRC occupies an exceptional geostrategic position in the heart of Africa, the country is the crossing point of all the road corridors between the North and South, East and West of the continent.
Demographic Information: Democratic Republic of Congo has an estimated population of 101.8 million comprising mostly of younger population (less than 25 years) which makes up about 65.8% of the population, those in the age bracket of 25-64 years makes up about 31.7% of the population and above 65 years age group makes up about 2.5% of the population. It has over 200 African ethnic groups of which the majority are Bantu. Average population density is estimated at 40 inhabitants/km2. In terms of human development indicators, it has a life expectancy of 62.8 years (Women) and 59.3 years (Men). It achieved universal primary education with an 118.5% Primary enrolment rate in 2018 and overall literacy level of 77.0% as at 2018.
Broad Economic Overview: Democratic Republic of Congo has abundant natural resources (Copper, Cobalt, Gold, Diamonds, Coltan, Zinc, Tin, Tungsten etc), which are largely untapped as well as huge arable land. The country is widely considered to be the richest country in the world regarding natural resources. DRC is Africa’s largest copper producer and the world’s largest cobalt producer. Cobalt and copper account for over 80% of the country’s exports. Long years of political instability has been the bane of the country’s economy development. Despite the political instability, it recorded a modest GDP growth in the past 5 years having grown 5.2% (5yr compound growth) over the period. The growth in GDP was helped by rising global prices for commodities during the period. Its currency is Congolese Franc but the economy is largely dollarized. Main exports include Diamonds, Gold, Coffee, Copper, Cobalt, Crude Oil, Timber etc. Major imports include fuel, foodstuffs and consumer goods, mining equipment and machinery, transport vehicle etc.
Investment Opportunities: Democratic Republic of Congo has initiated reforms aimed at strengthening governance in the management of natural resources and improving the business climate. Normalization of the political situation in the country and a new determination to reform and fight corruption is instilling a climate of confidence. The country is in the process of adopting 2019–23 Strategic Development Plan which is expected to give national priorities more visibility. However, sectors where there are investment opportunities include: Agriculture, Mining, Energy, Infrastructure, Insurance, Housing and real estate, Forestry, Transport, Tourism etc.
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African Development Bank: www.afdb.org
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BBC Africa: www.bbc.co.uk/news/world/africa
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