DRC’s economic growth since 2010 has been well above average for sub-Saharan Africa, driven in part by investment in mining and oil. The government has prioritized good governance and transparency in extractive industries, as well as an improved business environment for domestic entrepreneurship and foreign investment in order to diversify the economy.
The Democratic Republic of the Congo is estimated to have $24 trillion (equivalent to the combined Gross Domestic Product of Europe and the United States) worth of untapped deposits of minerals including the world’s largest reserves of Coltan and significant quantities of the world’s Cobalt.
Lack of physical infrastructure, corruption, and a limited regulatory framework in certain sectors are obstacles to investment, but are addressed in the country’s national development strategy. DRC was ranked among the top ten countries in the world for business reforms in the 2015 Doing Business report.
Sectors targeted by the government for expansion include agribusiness, basic infrastructure, transportation, telecommunication, energy, and construction. In agribusiness, in particular, the state has established Special Economic Zones for agro-industry development and has actively pursued foreign direct investment in this area.