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The Conference organized by the DRC’s Finance Ministry on the Country’s Risk Rating was well attended by investors and senior Congolese officials. The conference was aimed to help investors understand the risks and opportunities in the Central African country
The Conference organized by the DRC’s Finance Ministry on Country’s Risk Rating was well attended by investors and senior Congolese officials. The conference was aimed to help investors understand the risks and opportunities in the Central African country. A study conducted by a pan-African rating agency known as Bloomfield showed that the DRC has improved its business climate.
Chief Executive Officer of Bloomfield Stanislus Zeze, said that DRC grade this year has improved by 40 basis points from 5.1 to 5.5 on a scale of ten. That represents a moderate risk, which can herald more investors into the country, particularly in the mining sector.
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The perception was that the DRC has been a difficult environment to do business in over the past four decades. The country was known for its widespread corruption, low electricity coverage, and poor infrastructure. In 2014, the World Bank’s Doing Business report ranked DRC as 183rd out of 189 countries. The present administration has vowed to take further steps to improve the business climate. The DRC has vast deposits of minerals. However, millions of its citizens are living in poverty due to decades of conflict and political instability.
