Congo set to grow 9.2% in 2015

[miningmx.com] – THE economy of the Democratic Republic of Congo is forecast to grow 9.2% this year, said Reuters which cited a report by the International Monetary Fund (IMF).

Congo extracted more than 1 million tonnes of copper for the first time in 2014 and is vying with Zambia to be Africa’s top producer, said Reuters. The government says the economy grew at 9.5% in 2014 and expects 10.3% growth in 2015.

However, the IMF was concerned about the “wait-and-see attitude” of the private sector ahead of local, regional and national elections which are scheduled for November 2016, said Reuters.

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