The Icon Group DRCThe Icon Group DRCThe Icon Group DRC
+243 99 949 2004
info@icongroupdrc.com
The Icon Group DRCThe Icon Group DRCThe Icon Group DRC

About the DRC

Our Presence in the DRC

We provide our services to all of our clients from our head office in Kinshasa with presences in Lubumbashi, Kolwezi.

In addition, technical and relevant assistance is provided by our Johannesburg office. We have the ability to follow our clients wherever they operate in order to guarantee them an excellent level of service..

About the Democratic Republic of Congo and the Mining Sector

The economy of the DRC is mainly based on mining
More than 100 mining licenses have been granted in the country, with 80 exploration and development projects and 20 currently active world class projects
Unexploited mineral deposits are estimated at $ 24 trillion
Positive investor sentiment is reflected in increased foreign direct investment flows
The public debt balance remains stable at ~ 15% of GDP, the government having deleveraged by ~ 30% of GDP in 2010
The government of the day continues reforms to improve the ease of doing business, strengthen regulations and ensure local participation

PEST Analysis

PEST

Politics

Tax policy
  • Stable corporate tax rate of 30% applied to the mining industry
  • No change expected from the current government
  • The new mining code legislated in 2018
Trade restrictions and tariffs
  • No sanctions on basic products extracted by the Majors
Labor law
  • Expatriates have a ceiling between 6.5% and 2.5% of the total working population
  • The government’s objectives to gradually reduce dependence on expatriates
PEST

Economic

Rate of growth
  • IMF predicts 5.8% GDP growth in 2021
  • Chinese GDP is expected to reach 9.2% in 2021
Exchange rate
  • The mining industry operates in US dollars generated by exports
Commodity outlook
  • Green technologies stimulate global demand for copper and cobalt
PEST

Social

Population
  • The DRC’s population growth rate is one of the highest in the world
  • The current working population is around 47 million people
  • The labor force is expected to reach around 55 million people by 2030
Education
  • 65% of companies say they are concerned about hiring skilled workers
  • The education sector strategy for 2025 aims to develop a skilled workforce
PEST

Technological

Research and development activity
  • Automation of mining processes driven by some major players
Actors
  • Demand is likely to shift from low-skilled to highly skilled labor
  • Labor brokerage is highly automated and low labor intensity
Technology incentives
  • Automation requires high initial investment costs for its implementation
  • A technology still in development with a limited balance sheet
  • The mining industry must remain labor intensive in the short and medium term
Clients

They Trust Us

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