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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:
Recrutement d’un Consultant (firme) chargé du développement des programmes de formation et d’éducation sur l’eau et sur l’assainissement ainsi que la formation du personnel de l’INPP, INBTP/IBTP et de l’UNIKIN | Recruitment of a Consultant (firm) responsible for the development of training and training programs education on water and sanitation as well as training for INPP, INBTP/IBTP and UNIKIN staff
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
08 Apr 2024
Posting Date:
26 Mar 2024
 
 
 
Summary:
acquisition et installation des équipements photovoltaïques pour les 40 secteurs à Kinshasa et centre informatique central de la REGIDESO | acquisition and installation of photovoltaic equipment for the 40 sectors to be Kinshasa and REGIDESO central computer center
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
09 Apr 2024
Posting Date:
26 Mar 2024
 
 
 
Summary:
Recruitment of an international consultant for the production of the Portfolio's sectoral strategy
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
08 Apr 2024
Posting Date:
26 Mar 2024
 
 
 
Summary:
Recruitment of a national consultant to develop the mining royalty collection procedures manual for the DGRAD
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
08 Apr 2024
Posting Date:
26 Mar 2024
 
 
 
Summary:
Recruitment of the Consultant firm responsible for carrying out the study to evaluate the level of achievement of FOMIN in relation to revenues calculated by the Mines Divisions
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
08 Apr 2024
Posting Date:
26 Mar 2024
 
 
 
Summary:
Recruitment of an international firm to assess the capacity building needs of services involved in the management of mining revenues and other stakeholders
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
08 Apr 2024
Posting Date:
26 Mar 2024
 
 
 
Summary:
Recruitment of a consultant firm for the development of a training plan for stakeholders in the portfolio sector (CSP, COPIREP, General Secretariat and managers of public companies targeted by the project
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
05 Apr 2024
Posting Date:
26 Mar 2024
 
 
 
Summary:
Recruitment of an international consultant firm to carry out the study on the tax potential of the mining sector of the Democratic Republic of Congo, including the analysis and audit of the tax regime
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
05 Apr 2024
Posting Date:
26 Mar 2024
 
 
 
Summary:
Acquisition of IT equipment and consumables for the twelve DAFs of the ministries of the 1st wave (Rural Development, Agriculture, Civil Service, Portfolio, Environment, ITPR, EPSP, Plan, Budget, Health, Finance and Prime Minister)
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
25 Apr 2024
Posting Date:
22 Mar 2024
 
 
 
Summary:
security and cleaning services in NRC offices and residences in DR Congo
Country:
Democratic Republic of the Congo
 
Notice Type:
Tender Notice
Deadline:
04 Apr 2024
Posting Date:
22 Mar 2024