DRC Leads Central Africa in Foreign Investment Amid Resource Challenges
In 2024, the Democratic Republic of the Congo attracted $3.11 billion in foreign direct investment, a 21% increase, positioning it as the top destination in Central Africa. However, CMOC's subsidiaries in the DRC generated $7.05 billion in revenue, significantly surpassing foreign investments, highlighting the challenges of local benefit distribution from resource extraction.
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In 2024, the DRC received $3.11 billion in foreign direct investment, the highest in Central Africa, according to UNCTAD. This figure contrasts sharply with the $7.05 billion revenue from CMOC’s Tenke Fungurume and Kisanfu mines, which amounted to nearly 40% of the national budget.
CMOC became the world’s leading cobalt producer, with its Congolese operations accounting for over 70% of global extraction. Despite the mining law stipulating profit-sharing, local entities often do not receive their due.
From 2012 to 2020, Gécamines earned only $564 million in royalties from $35 billion in revenue. The country faces risks as it relies heavily on fluctuating global commodity prices, indicating a need for improved local economic management.
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