Category: Economy

Democratic Republic of Congo Set to Become Fifth-Largest Economy in Sub-Saharan Africa as GDP Nears $123 Billion The Democratic Republic of the Congo is poised to become the fifth-largest economy in sub-Saharan Africa, with projected gross domestic product (GDP) of approximately $123 billion in 2026, according to estimates from the International Monetary Fund. This anticipated expansion is being driven by a three-pillar macroeconomic strategy: sustained growth in the mining sector, stronger inflows of foreign currency, and the appreciation of the Congolese franc. Beyond the immediate boost to economic output, ongoing… Read More Here

DR Congo Prime Minister Judith Suminwa Holds Strategic Talks on Economy and Health Financing at World Bank and IMF Spring Meetings in Washington Prime Minister Judith Suminwa Tuluka arrived in the United States capital, Washington, D.C., on Monday, April 13, 2026, to participate in the World Bank Group and International Monetary Fund Spring Meetings, taking place from April 13 to 18. Beginning April 14, 2026, the Head of Government initiated a series of high-level engagements with development partners and economic experts supporting reforms and sectoral development in the Democratic Republic… Read More Here

Lualaba Generates 67% of DRC Mining Revenue in 2023, Highlighting Economic Dependence on Copper and Cobalt The province of Lualaba in the Democratic Republic of Congo recorded a dominant performance in the mining sector in 2023, generating approximately $3.93 billion in revenues, according to a report by the Extractive Industries Transparency Initiative (EITI) published in early 2026. These figures account for about 67.2% of the country’s total mining revenues, estimated at $5.85 billion for the year, underscoring Lualaba’s central role in the national extractive economy. Haut-Katanga province followed as the… Read More Here

Extractive sector generates 60% of DRC state revenue, underscoring risks of overdependence on mining The economy of the Democratic Republic of the Congo remains heavily dependent on the extractive sector, reinforcing calls for broader economic diversification to reduce fiscal vulnerability and support long-term development. In 2023, current and exceptional state revenues totalled more than $9.75 billion, according to a report by the Court of Auditors of the Democratic Republic of the Congo analysing the national accounts for that year. Of this total, approximately $5.85 billion, or about 60%, was generated… Read More Here