Fatshimetrie: Economic revolution in the Democratic Republic of Congo
For decades, the economy of the Democratic Republic of Congo (DRC) has relied primarily on mining, particularly copper and cobalt. However, recent fluctuations in global prices are prompting experts to reconsider this historical dependence.
Landry Djimpé, consultant at Innogence Consulting in the DRC, emphasizes that the current economic model based on mining presents risks of volatility. External shocks can quickly weaken the country’s economy. Thus, discussions are well underway to diversify sources of income and stimulate more stable growth.
Agriculture is emerging as a promising alternative. With its fertile lands and favorable climate, the DRC has considerable agricultural potential. Djimpé says investments in agricultural tools and technologies could not only increase food production, but also create jobs and promote the development of rural regions.
At the same time, there is great interest in the use of renewable energies such as hydroelectricity, solar and geothermal energy. Projects like INGA 3 could significantly increase the country’s energy capacity. “The use of clean energy is essential to stimulate production and ensure universal access to electricity, especially in rural areas,” emphasizes Djimpé.
Tourism is also emerging as a growing sector. The DRC is full of exceptional natural sites and has a rich cultural heritage that can attract visitors from all over the world. This emerging tourism industry represents an opportunity for job creation and income generation, provided that the country’s biodiversity and environment are preserved.
However, major challenges hinder this economic transition. Limited access to banking services, particularly in rural areas, is a major barrier. In addition, the heavy dependence on foreign currencies, such as the US dollar, exposes the Congolese economy to currency fluctuations.
Djimpé warns against the risks of excessive dollarization, emphasizing the need to promote the use of local currency. It calls for strengthened cooperation between the government, financial institutions and economic actors to resolve these structural problems and create a more resilient economic environment.
Ultimately, the Democratic Republic of Congo finds itself at a decisive turning point in its economic history. By diversifying its sectors of activity, promoting clean energies and exploiting its agricultural and tourist potential, the country could begin a new era of prosperity and sustainable development.. The transition to a more diversified and resilient economy will require concerted efforts and a long-term vision to build a bright future for all Congolese.