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FAST FACTS AFRICA: Democratic Republic of Congo

July 16, 2014 - 16:38 GMT Location: Johannesburg

KEYWORDS: Democratic Republic of Congo , DRC

Democratic Republic of Congo (DRC) is in central Africa with a coastline on the South Atlantic Ocean, and is deemed to be one of the most mineral-rich countries in the world, with resources valued in excess of $24 trillion.

It contains 70% of the world’s coltan, one-third of the world’s cobalt, more than 30% of the world’s diamonds, and about 10% of the world’s copper. The country borders Angola, Republic of Congo, Central African Republic, South Sudan, Uganda, Rwanda, Burundi, Tanzania and Zambia, and covers an area of 2.35 million sq km. The population is estimated to be about 77.4 million, and French is the official language. GDP growth forecast DRC’s GDP growth is driven by mining, agriculture and infrastructure investments, with forecasts for 2014 and 2015 of about 8.5% and 8.6%, respectively, according to the African Economic Outlook 2014 report, up from 8.1% in 2013 and 7.2% in 2012. Mining has been the main driver in the improved GDP, with many companies passing from exploration into production. The country has a...

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