Foreign direct investments: for a win-win partnership with the Congolese
En route to remarkable economic growth, the Democratic Republic of Congo has posted spectacular growth, peaking at 8.9% in 2022 according to the IMF. This figure, the result of bold reforms, attests to our commitment to creating a thriving business environment. This growth creates fertile ground for investments, promising prosperity and opportunities. Foreign direct investment surged in 2022, exceeding $4 billion, demonstrating the growing confidence of international investors in our nation. These funds are not just numbers, but catalysts for change.
They propel job creation in all provinces of the country, promote infrastructure improvement, and contribute to sustainable development. Foreign investments are the architects of social and economic transformation, offering the Congolese new and tangible perspectives. Also, there are several concrete projects such as the rehabilitation of the port of Matadi and the construction of the port of Banana, the first phase of which provides for the construction of a 600m2 quay and a storage space of 25 hectares, or even with the investment of $600 million in the access, governance and reforms project for the electricity and water sectors.
At the heart of this dynamic, the ambition of the President of the Republic Félix Tshisekedi is part of the integration of a vision of a prosperous future aimed at including all sectors. The weight of the insurance market is, for example, estimated at 800 million dollars while its commercial potential is estimated between 3 and 5 billion dollars. The liberalization of the insurance sector therefore aims to facilitate investment flows. This vision recognizes that foreign investments are not incompatible with the harmonious development of populations and the emergence of a middle class. It also aims to enable the rise of Congolese millionaires who emancipate themselves and enrich themselves through the fruits of their work and their entrepreneurial leadership, thus promoting the creation of national wealth.
Towards the economic horizon: global cooperation and local synergies
In this approach, economic cooperation between African countries and around the world is crucial. They open additional doors to innovation, transfer of know-how and economic diversification. Investments amounting to 726 million euros in the construction of the Kinshasa – Brazzaville road rail bridge are part of this approach. By collaborating globally, we strengthen our resilience to economic challenges, creating an interconnected and prosperous economic fabric. These robust statistics transcend economic indicators; they embody tangible progress. They attest to the success of the reforms initiated by President Félix Tshisekedi and implemented by the Government, creating fertile ground for growth and prosperity.
However, the Democratic Republic of Congo has long suffered from a lack of perception and particular treatment of its news, particularly in the international media. However, the country’s security reality contrasts with the often distorted image abroad. Since 2019, significant efforts have been made to improve the country’s image at the national and international level. Indeed, the DRC is much more than the stereotypes that surround it. The country is blessed with exceptional natural wealth, unique cultural diversity and growing economic potential. With 60% of the world’s reserves of cobalt, which is one of the main components used in the automobile industry, and coltan, which is used in the production of mobile telephones, the DRC holds significant reserves of strategic minerals.
Thus the actions of companies in the mining sector aim to show the dynamic and promising side of the DRC, inviting investors to participate in this new era of growth. The Democratic Republic of Congo is also part of the energy transition, judiciously exploiting its potential exceptional hydroelectric power, symbolized by the ambitious Grand Inga III dam project. By catalyzing this major undertaking, the country aims to deploy a clean, stable and large-scale energy Source, thereby strengthening its capacity to meet the growing demand for electricity while contributing significantly to the global effort to reduce electricity consumption. carbon emissions.
With a population of 110 million inhabitants and 9 surrounding countries, the DRC forms a community of 250 million consumers, creating a dynamic market. Our position as a world leader in cobalt and our agricultural and hydroelectric potential make the DRC a key player in the global economic scene. However, the real growth lies in our commitment to sustaining this progress.
It requires continued collaboration towards the simplification of administrative procedures, support for entrepreneurs and a policy conducive to inclusive and sustainable growth. The National Agency for the Promotion of Investments is part of this dynamic, inviting us to capitalize on our successes and explore new opportunities. The economic opening in the DRC is vast, leaving room for everyone. We must consolidate these achievements, attract more investments and propel our country’s economic development.
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