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Economy of Congo, The Democratic Republic of the and business opportunities

Economy of Democratic Republic of the Congo

Sparsely populated in relation to its area, the Democratic Republic of the Congo is home to a vast potential of natural resources and mineral wealth. Its untapped deposits of raw minerals are estimated to be worth in excess of US$24 trillion. Despite this, the economy has declined drastically since the mid-1980s.

At the time of its independence in 1960, the Democratic Republic of the Congo was the second most industrialized country in Africa after South Africa. It boasted a thriving mining sector and its agriculture sector was relatively productive. Since then, corruption, war and political instability have been a severe detriment to further growth, today leaving DRC with a GDP per capita among the world's lowest.

Sectors

Agriculture


Agriculture is the mainstay of the economy, accounting for 57.9% of the GDP in 1997. Main cash crops include coffee, palm oil, rubber, cotton, sugar, tea, and cocoa. Food crops include cassava, plantains, maize, groundnuts, and rice. In 1996, agriculture employed 66% of the work force.

Fishing

Fish are the single most important source of animal protein in the DRC. Total production of marine, river, and lake fisheries in 2003 was estimated at 222,965 tons, all but 5,000 tons from inland waters. PEMARZA, a state agency, carries on marine fishing.

Forestry

Exports of forest products in 2003 totalled $25.7 million. Foreign capital is necessary in order for forestry to expand, and the government recognizes that changes in tax structure and export procedures will be needed to facilitate economic growth.

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.

Copper and Cobalt

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.

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Summary:
Recruitment of the expert responsible for the Infrastructure component
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
14 May 2024
Posting Date:
02 May 2024
 
 
 
Summary:
PROCUREMENT OF GO MOBILE DEVICES
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
09 May 2024
Posting Date:
02 May 2024
 
 
 
Summary:
MAINTENANCE DU LABORATOIRE BSL 2 ; BSL 3 AU LNRM/PNLT ET HOTTES DE LPR KISANGANI ET LUBUMBASHI, EN REPUBLIQUE DEMOCRATIQUE DU CONGO
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
28 May 2024
Posting Date:
29 Apr 2024
 
 
 
Summary:
Acquisition of computer and other equipment in favor of PIFORES FTAs
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
04 Jun 2024
Posting Date:
29 Apr 2024
 
 
 
Summary:
Acquisition of 216 motorcycles for the PIFORES ALEs
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
05 Jun 2024
Posting Date:
29 Apr 2024
 
 
 
Summary:
KIN-ELENDAAVIS D’APPEL D’OFFRES - Amélioration de la desserte des infrastructures et des services de proximité dans certains quartiers de Lemba, Matete, Kisenso et N’djili dans la ville de Kinshasa Travaux de réhabilitation des bâtiments scolaires à Kinshasa // Improvement of access to infrastructure and local services in certain districts of Lemba, Matete, Kisenso and N’djili in the city of Kinshasa Rehabilitation work on school buildings in Kinshasa
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
14 Jun 2024
Posting Date:
29 Apr 2024
 
 
 
Summary:
Purchase 4 4x4 vehicles, Ituri and Goma, DR Congo - Re advertisement
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
02 May 2024
Posting Date:
26 Apr 2024
 
 
 
Summary:
Recruitment of a Consultant responsible for carrying out a technical and institutional audit of the Congolese Quality Control Office in terms of certification.
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
08 May 2024
Posting Date:
25 Apr 2024
 
 
 
Summary:
Electrification work using photovoltaic solar energy for the Polytechnic Faculty of the University of Kinshasa, the 14 student homes as well as the main alley connecting the Church of Sainte Marie la Miséricorde to the Faculty of Medicine
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
27 May 2024
Posting Date:
17 Apr 2024
 
 
 
Summary:
SERVICE D’HEBERGEMENT, LOCATION DE SALLE ET RESTAURATION DANS LE CADRE DES DIVERS ATELIERS ORGANISES AU PROFIT DES PROGRAMMES DU SECTEUR DE LA SANTE | ACCOMMODATION SERVICE, ROOM RENTAL AND CATERING AS PART OF THE VARIOUS WORKSHOPS ORGANIZED FOR THE BENEFIT OF HEALTH SECTOR PROGRAMS
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
15 May 2024
Posting Date:
16 Apr 2024