Great Lakes Trade Facilitation Project
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    COMESA, Lusaka - ZAMBIA
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Farooq

Democratic Republic of Congo

HomeDemocratic Republic of Congo
                                                                                                                                                                           About Country
Being home to a vast potential of natural resources and mineral wealth’, the DR Congo is attempting an economic revival through adapting its legal framework to modern day investments. The democratic transition process (2001-2006) has known a happy outcome with the free, democratic and transparent elections allowing democratically elected leaders to run the country. Therefore, after the 2006 elections the international community was facing a freshly installed government led by H. E.  Joseph Kabila promising to uphold the principles of democracy and promoting foreign investment. As a result of the ensuing political stability, political risks, economic and social risks are considerably reduced. Furthermore, during the 2006 legislative period some prosperous initiatives were undertaken. The new constitution said to be of the third Republic was promulgated by the Head of State on February 18th, 2006 along with several investment related Codes.
Thanks to these provisions, the new constitution restates the commitment of the Congolese State to achieve its development. The right of individual or collective ownership and that of private enterprise for the national as well as foreigners is secured. The settler sets up an economic and social council whose task is to provide consultative opinion to the President of the Republic, the Parliament and the Government, given the complexity of issues relating to social and economic development the country is facing.
Since then, the country reached a political stability never achieved before. Stability and good governing are therefrom visible in the country and improvement of the business environment becomes therefore the main focus.
The DR Congo has managed to provide itself with laws and regulations intended to improve the scope of operations in all sectors so as to attract more private investments. Efforts made to improve the business environment have been successful at this level since funds are really coming. This is a very significant advance.
Source: National Agency For Investment Promotion (ANAPI)
  • The growth rate of the Congolese economy fell from 6.9% in 2015 to 2.5% in 2016, but could rebound to 4.0% in 2017 and 5.2% in 2018, given the expected rise in prices of the country’s raw materials.
  • The DRC made some progress in terms of human development in 2016, but that progress remains fragile.
  • Significant efforts will be required to operationalise the country’s strategic frameworks for entrepreneurship and industrialisation.

Key Facts

Flag:
Capital: Kinshasha
Area: 2,345,410 sq km
Total Population 2017: 82.2 Million
Urban Population 2017: 73.50%
Female Population 2017: 49.70%
GDP: US$ 44.7 Billion
GNI Per Capita 2015: US$ 410
Inflation Rate: 2.55%
Crude Birth Rate (per 1000): 40.70%
Human Development Index (rank / 188): 176
Human Development Index (scale 0 to 1): 0.435
Membership Date: 10/09/1964
Cumulative Approvals (1967-2016): UA 2.3 Billion
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