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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:
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
 
 
 
Summary:
SELECTION DES GARAGES EN VUE D’ASSURER LES SERVICES D’ENTRETIEN DES VEHICULES DES PROGRAMMES SPECIALISES DU MINISTERE DE LA SANTE A KINSHASA | SELECTION OF GARAGES TO PROVIDE MAINTENANCE SERVICES FOR VEHICLES OF SPECIALIZED PROGRAMS OF THE MINISTRY OF HEALTH IN KINSHASA
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
16 May 2024
Posting Date:
16 Apr 2024
 
 
 
Summary:
PROVISION FOR DESIGN-BUILD SERVICES FOR THE RENOVATION OF USAID DRC’S EXTERIOR WALL
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
21 Apr 2024
Posting Date:
15 Apr 2024
 
 
 
Summary:
Acquisition of medical equipment and consumables for the three (3) public health laboratories of Tshopo, Kasaï central, and Kwilu, divided into two separate batches
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
31 May 2024
Posting Date:
15 Apr 2024
 
 
 
Summary:
SUPPLY, INSTALLATION AND COMMISSIONING WORK OF THE FIRE ANTI-FIRE SYSTEM OF EQUIPMENT AT THE RUZIZI II HYDRO-ELECTRIC POWER PLANT
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
20 May 2024
Posting Date:
10 Apr 2024
 
 
 
Summary:
SUPPLY MARKET FOR COMPUTER EQUIPMENT AND HOUSEHOLD APPLIANCES
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
08 May 2024
Posting Date:
10 Apr 2024
 
 
 
Summary:
Recruitment of three (03) Provincial Assistants to the THIMO Program of the Stabilization and Recovery Project of Eastern DR Congo
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
22 Apr 2024
Posting Date:
09 Apr 2024
 
 
 
Summary:
Recruitment of a consultant (firm) for support in accounting, marketing & communication, legal and commercial as part of the implementation of CPME Silikin Village/COTEX
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
23 Apr 2024
Posting Date:
09 Apr 2024
 
 
 
Summary:
Recruitment of a consultant (firm) for support for operational optimization, in accounting, taxation, marketing & communication, legal and commercial as part of the implementation of the CPME Ingenious City/Sycamore
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
23 Apr 2024
Posting Date:
09 Apr 2024