Economic Environments DR Congo

DRC economy: The giant awakens

Most news headlines from the Democratic Republic of the Congo (DRC) have one thing in common—their focus on conflict, particularly in the eastern part of the country. True, conflict is not new in the DRC, which has seen outbreaks in one form or another over the past three decades.

Of late, however, worries are mounting over presidential elections slated for November this year. President Joseph Kabila, in power since 2001, is bound by term limits to step down after having won elections in 2006 and 2011. His one-time ally now turned rival, former governor Moïse Katumbi, has declared his intention to run for the presidency, a decision that has not gone down well with some of President Kabila’s allies who would like to see him run for a third term.

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