Doing Business in Democratic Republic of Congo Kinshasa

Course summary - International trade and doing business in Democratic Republic of Congo:

The economy of the Democratic Republic of Congo (DRC) began to recuperate in 2010, with estimations showing real GDP growth increasing to 6.1% from 2.8% in 2009 and mostly driven by mining (due to higher world prices). Contributors to total growth were mining (12%), construction (10%) and wholesale and retail trade (6%). The economy of Congo DRC is esteemed to grow at 6.5% over the next 2 years. The World Bank projects the economy of the Democratic Republic of Congo (DRC) is set to grow at up to 7% annually for the next 2 years. (Source: African Development Bank)

International trade of the Democratic Republic of Congo (DRC). The international position of the Democratic Republic of Congo (DRC) advanced in 2010 thanks to good oil price levels, improved productivity from some reserves and a recuperate in timber exports.

Institutions and Agreements of Democratic Republic of Congo
Cotonou Agreement
AGOA - African Growth and Opportunity Act. United States Africa
GSP
New Partnership for Africa's Development (NEPAD)
Forum Africa China
Forum Africa India
African Development Bank
Economic Commission for Africa (UNECA)
African Union AU

Mining (copper, cobalt, diamonds, gold, zinc and other metals) and oil represents 75% of total export revenues of the Democratic Republic of Congo (DRC) and 25% of its Gross domestic product (GDP).

Democratic Republic of Congo (formerly known as Zaire), is the 3th nation in sub-Saharan Africa (67 million people), and the 2th in terms of surface. The Democratic Republic of Congo (DRC) is gifted with abundant human and natural resources, including a tropical forest; is the 2th in the world by area, fertile soil, abundant rainfall and significant and varied mineral resources.

Democratic Republic of Congo:

• Main Cities: Kinshasa (capital, 9.3 million people), Lubumbashi, Mbuji-Mayi, Kananga, Kisangani ...
• Currency: Congolese franc (CDF)
• Languages: French (official), Lingala, Kingwana, Kikongo, Swahili and Tshiluba
• Divisions of the Democratic Republic of Congo (DRC) 26 provinces especially: Lower Uele, Ecuador, Upper Lomami, Haut Katanga, Upper Uele, Ituri, Kasai, Kasai Oriental, Central Kongo, Kwango Kwilu Lomami, Lualaba, Kasai Central, May-Ndombe , Maniema, Mongala, North Kivu, Nord-Ubangi, Sankuru, South Kivu, South Kivu, Sud-Ubangi, Tanganyika, Tshopo Tshuapa, and Kinshasa (City).
• Borders of Democratic Republic of Congo (DRC): Angola, Congo, Central African Republic (CAR), Sudan, Uganda, Rwanda, Burundi, Tanzania and Zambia.

Example of the course doing business in Democratic Republic of Congo (French):