Market Research In Congo

Congo Profile:

  • The Democratic Republic of the Congo also known as Zaire, DR Congo, DRC, DROC, Congo-Kinshasa or simply the Congo, is a country located in Central Africa.
  • It is the second-largest country in Africa by area and eleventh largest in the world, the fourth most-populated nation in Africa and the seventeenth most populated country in the world.
  • The Democratic Republic of Congo is extremely rich in natural resources but has had political instability, a lack of infrastructure, issues with corruption and centuries of both commercial and colonial extraction and exploitation with little holistic development.
  • The country contains 80% of the world’s cobalt reserves. There are economic and strategic incentives to bring more security to the Congo, which is rich in natural resources such as cobalt.
  • As of 2016, DR Congo’s level of human development is 176th out of 187 countries, according to the Human Development Index and is one of the twenty lowest-ranked countries on the Corruption Perception Index.

Congo Economy:

  • The Democratic Republic of Congo is widely considered to be one of the world’s richest countries in natural resources; its untapped deposits of raw minerals are estimated to be worth in excess of $24 trillion.
  • The Congo has 70% of the world’s coltan, a third of its cobalt, more than 30% of its diamond reserves, and a tenth of its copper.
  • Renewed activity in the mining sector, the source of most export income, boosted Kinshasa’s fiscal position and GDP growth, but low commodity prices are leading to slower growth, rising inflation, and a growing fiscal deficit.
  • The price of copper – the DRC’s primary export – plummeted in 2015 and remained at record lows during 2016, reducing government revenues, expenditures, and foreign exchange reserves.
  • An uncertain legal framework, corruption and a lack of transparency in government policy are long-term problems for the large mining sector and for the economy as a whole.

Congo Facts:

  • Population: 83.5 million
  • Capital: Kinshasa
  • Largest city: Kinshasa
  • Area: 2,344,858 sq km
  • Major language: French (official), Lingala, Kingwana, Kikongo, Tshiluba
  • Major religion: Roman Catholic 50%, Protestant 20%, Kimbanguist 10%, Muslim 10%, other 10%
  • Life expectancy: 56.1 years (Male), 59.3 years (Female)
  • Monetary unit: 1 Franc Congolais (FC, CDF) = 100 Centimes
  • Main exports: Diamonds, copper, gold, cobalt, wood products, crude oil, coffee
  • GNI per Capita: $790

Our Market Research Services in Congo:

We Employ A Wide Range of Research Techniques in Congo:

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