Investors praise DR Congo's improved business climate

Summary:

A study conducted by a pan-African rating agency known as Bloomfield showed that the DRC has improved its business climate.

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Investors praise DR Congo's improved business climate

The second edition of the DRC Country Risk Conference was well attended by investors and senior Congolese officials.

The DRC's Finance Ministry organised the conference to help investors understand the risks and opportunities in the country.

A study conducted by a pan-African rating agency known as Bloomfield showed that the DRC has improved its business climate.

"The grade this year has improved by 40 basis points from 5.1 to 5.5 on the scale of ten and that represents a moderate risk on our scale with regard to that methodology. What it means is that we are actually telling investors that they can come and invest in DRC," said Stanislus Zeze, the Chief Executive Officer of Bloomfield.

That has boosted the confidence of some investors in the DRC's mining sector.

"Overall, this is a good thing, because we can see that the government is willing to make improvements," said Marie-Chantal Kaninda, the Chief Executive Officer of Glencore DRC.