Finance

DR Congo: The government plans on economic growth of 9% in 2016

Monday, 28 September 2015 16:56

The government of the Democratic Republic of Congo announced, on 26th September that its plans were for an economic growth of 9% in 2016 against the 8.4% forecast for 2015. This projection is part of a presentation for the Finance bill for 2016.

To reach [its] economic goals”, the government indicates, without adding more details, that it is “considering a set of measures” intended to finance “projects in growth sectors such as agriculture, transports and energy”.

On 24th August, the Congolese government had decreased its growth forecast pour 2015 to 8.4% against a previous projection of 10%, due in part to the drop in copper prices on the international market following fears of a slowdown in the Chinese economy.

The mining sector is the main driver of the high growth experienced for a few years now by DR Congo, which ranked last but one in the human development index established by the UN even though its subsoil is extremely rich in natural resources (farmlands, ores, wood, water among others).

The 2016 budget drawn up by the government was decreased by 0.7% compared to the 2015 Finance Law, at USD 9.2 billion.

On the same topic
The World Bank, through the International Development Association (IDA), has approved $115 million in concessional financing for Senegal. This...
• Gabon disputes CCC rating, cites reforms and April election.• Fitch flags high debt and deficits, despite recent relief steps.• IMF deal eyed for 2026,...
• Ethiopia seeks $5B for UN development plan by 2030.• $6.5B deal signed, $1.5B already secured for SDGs and resilience.• Challenges...
• Gabon lost $1.75 bn in tax exemptions over three years.• New exemptions suspended, audit and reforms underway.• Import tax relief targets food and...
Most Read
01

• Maritime sector faces renewed risks amid military tensions in the Middle East• Blockade fears at S...

Israel-Iran conflict raises new threats for global shipping and oil trade
02

Kenya tops African entries in 2025 IMD ranking at 56th globally. Botswana, Ghana, South Afric...

Six African Countries Rank Among Top Economies in 2025
03

• Google unveils Veo 3, its latest AI tool for ultra-realistic video generation• Experts warn deepfa...

Deepfake Threat Becomes Alarming in Africa as AI Advances Faster Than Laws
04

In a West African financial landscape marked by tighter regulation of the fintech sector, digital fi...

In Five Years, Francophone Africa Will be A Major Force in African Tech –Régis Bamba
05

Mauritius is the most peaceful country in Africa for the 18th year in a row Sub-Saharan Afric...

Global Peace Index 2025: Mauritius Leads Africa, Again
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.