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Business images of Congo, The Democratic Republic of the

Economy of Congo, The Democratic Republic of the

The economy of the Democratic Republic of the Congo has declined drastically around the 1980s, despite being home to vast potential in natural resources and mineral wealth; their gross domestic product is $69.474 billion as of 2023.

Top Sectors in Congo, The Democratic Republic of the

Fishing in Congo, The Democratic Republic of the

The Democratic Republic of Congo also possesses 50 percent of Africa's forests and a river system that could provide hydro-electric power to the entire continent, according to a United Nations report on the country's strategic significance and its potential role as an economic power in central Africa. Fish are the single most important source of animal protein in the DRC.

Exploitation of mineral substances by companies in Congo, The Democratic Republic of the

The economy of the second largest country in Africa relies heavily on mining. The Congo is the world's largest producer of cobalt ore, and a major producer of copper and industrial diamonds. The Congo has 70% of the world's coltan, and more than 30% of the world's diamond reserves, mostly in the form of small, industrial diamonds. The coltan is a major source of tantalum, which is used in the fabrication of electronic components in computers and mobile phones. In 2002, tin was discovered in the east of the country, but, to date, mining has been done on a small scale. Manono in Central DRC has a significant deposit of lithium and tin with tantalum and niobium and is being developed by an Australian company. Production is expected in 2023.

Copper and cobalt in Congo, The Democratic Republic of the

Katanga Mining Limited, a London-based company, owns the Luilu Metallurgical Plant, which has a capacity of 175,000 tonnes of copper and 8,000 tonnes of cobalt per year, making it the largest cobalt refinery in the world.


Congo, The Democratic Republic of the - Key Economic Indicators

Exports and Imports

The DRC's exports are dominated by minerals, particularly copper and cobalt, crucial for the global tech industry. In 2023, exports were estimated at $28.5 billion. Imports, including food, fuel, and manufactured goods, are valued at around $18 billion. This ongoing trade surplus helps generate revenue, but economic diversification remains a goal.

Balance of Trade

The DRC enjoys a trade surplus, meaning the value of exports exceeds imports. This surplus is driven by high global demand for minerals, particularly cobalt, a key component in electric vehicle batteries. However, the reliance on a few mineral exports makes the economy vulnerable to price fluctuations.

Infrastructure Development

Infrastructure development in the DRC lags behind its resource potential. The total road network is estimated at around 150,000 kilometers as of 2024, but a significant portion (around 70%) is unpaved and in poor condition. The World Bank recently approved a $200 million loan to support road rehabilitation projects in the DRC. Investments are also underway to improve access to electricity, with a focus on renewable energy sources like hydropower.

Fiscal Policy

The DRC government prioritizes increasing revenue and improving social services. The 2024 budget allocates significant resources to infrastructure development (around $10 billion), healthcare, and education (with a goal of increasing primary school enrollment).

Monetary Policy

The Central Bank of Congo (BCC) manages monetary policy to control inflation (around 11% in 2023) and maintain financial stability. They utilize tools like interest rate adjustments and reserve requirement ratios. As of May 2024, the benchmark interest rate is set at 8%.

Trade Agreements

The DRC participates in regional trade agreements like the Common Market for Eastern and Southern Africa (COMESA) and the Southern African Development Community (SADC). The DRC is exploring potential trade agreements with other countries to diversify its export base and attract foreign investment.

Tax system

Capital gains tax: Information on a dedicated capital gains tax in the DRC is limited. Capital gains might be taxed as regular income.
Corporate tax rate: The standard corporate tax rate in the DRC is currently 30%. However, there are variations for specific sectors and incentives to attract investment: (i) Mining companies may benefit from a reduced corporate tax rate (around 25%) during their initial years of operation. (ii) Special Economic Zones (SEZs) might offer even lower corporate tax rates to attract foreign businesses.
Sales tax (VAT): The DRC has a Value Added Tax (VAT) system with a standard rate of 18%. Basic necessities may have a lower VAT rate or be exempt.
Property tax: Property taxes exist in the DRC, but details on specific rates and exemptions are scarce. Rates likely vary depending on property type, location, and value.
Payroll tax: The DRC has a social security contribution system funded by both employers and employees. The exact contribution rate can vary depending on the benefits included, but estimates suggest a total rate between 16% and 20% of an employee's salary, split between the parties.
Tax burden: The overall tax burden in the DRC is considered moderate for businesses due to the 30% corporate tax rate.

133 Live Notices for Congo, The Democratic Republic of the ....

Showing 1 to 20

provision of services for the local channel 3 subscription
country Democratic Republic of the Congo
posting date03 Apr 2025
deadline15 Apr 2025
Provision of services for the local channel 2 subscription
country Democratic Republic of the Congo
posting date03 Apr 2025
deadline15 Apr 2025
Suppliers Of Goods And Services
country Democratic Republic of the Congo
posting date03 Apr 2025
deadline17 Apr 2025
Identification Of Firms/Consultants For The Realization Of The Financial Audit At The Office Of The National Program To Combat Tropical Diseases Neglected With Preventive Chemotherapy Of The Drc
country Democratic Republic of the Congo
posting date03 Apr 2025
deadline17 Apr 2025
Consultant (Cabinet) Responsible For The Regulatory And Institutional Diagnosis Of The Medd As Well As His Affiliated (Ace, Iccn) And Other Competent Administrative Entities On Environmental And Social Management Entities
country Democratic Republic of the Congo
posting date03 Apr 2025
deadline17 Apr 2025
Service Market Relating To "Recruitment Of Two Consultants For The Capacity Strengthening Of State Agents And Executives In Five Dr Congo Ministries In The Program Budget"
country Democratic Republic of the Congo
posting date02 Apr 2025
deadline06 May 2025
Service Market For The Editing, Printing And Delivery Of Training Manuals For Agricultural And Rural Training Institutes At Tshopo
country Democratic Republic of the Congo
posting date02 Apr 2025
deadline21 Apr 2025
Supply Of Rolling Stock, Divided Into Three (03) Lots
country Democratic Republic of the Congo
posting date02 Apr 2025
deadline16 Apr 2025
Motorcycle Supplies
country Democratic Republic of the Congo
posting date02 Apr 2025
deadline16 Apr 2025
Phone Acquisition, Power Bank And Charging Station On Behalf Of Sanru Asbl
country Democratic Republic of the Congo
posting date01 Apr 2025
deadline15 Apr 2025
Companies And Construction Companies, Asbl And Ngos (Offer Relating To The Construction Of 10 Schools Per Province)
country Democratic Republic of the Congo
posting date31 Mar 2025
deadline13 Apr 2025
Accounting And Financial Audit Of The Project For The Financial Year 2024, 2025 And 2026
country Democratic Republic of the Congo
posting date31 Mar 2025
deadline13 Apr 2025
Acquisition of office furniture for the 5 new scheduling centers
country Democratic Republic of the Congo
posting date29 Mar 2025
deadline23 Apr 2025
CONSTRUCTION OF A CHICKEN HOUSE IN THE LUILU SECTOR
country Democratic Republic of the Congo
posting date29 Mar 2025
deadline30 Aug 2025
Service Market Relating To The Provision Of An Existing Mobile Payment Platform And A Digital Management System For Participants For Enabel Rdc.
country Democratic Republic of the Congo
posting date28 Mar 2025
deadline15 Apr 2025
Forty Development Work - Eight (48) Temporary Learning Spaces (Eta) With School Furniture And Sixty - Three (63) Latrine Doors In Mahagi Territory - Ituri Province - Lrfp -2025-9196263
country Democratic Republic of the Congo
posting date28 Mar 2025
deadline11 Apr 2025
Support For Updating And Implementing The "By" Resettlement Action Plan In The Agro-Industrial Park Of Ngandajika, Ngandajika Territory In The Lomami Province
country Democratic Republic of the Congo
posting date28 Mar 2025
deadline11 Apr 2025
Selection Of A Garage In Kinshasa
country Democratic Republic of the Congo
posting date28 Mar 2025
deadline11 Apr 2025
Call For Proposals Within The Framework Of Intervention: Fight Against Sexual Violence And Impunity
country Democratic Republic of the Congo
posting date28 Mar 2025
deadline11 Apr 2025
Gradual Supply Of Cements Cem Iv 32.5N And Cem Ii 42.5N
country Democratic Republic of the Congo
posting date28 Mar 2025
deadline11 Apr 2025

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