As one of Africa’s fast-growing economies, the Democratic Republic of the Congo remains a country that still requires significant investment and know-how to improve its economic growth. With its major exports revolving around sugar, cacao, plywood, lumber, and petroleum, potential investments in infrastructure and social welfare pave the path to future business opportunities to help develop the economy.
Organisations entering new emerging markets need to address complex legal, cultural and labour-related matters and are increasingly engaging the services of reputable partners for the purposes of outsourcing local business processes, including employment outsourcing solutions where there is a requirement to employ and payroll staff in-country. Collaborating with a specialist for the delivery of the HR outsourcing solutions required provides the ultimate peace of mind.
Africa HR Solutions manages the end-to-end Republic of the Congo HR outsourcing requirements, with legally compliant solutions that include Professional Employer Organisation (PEO), Employer of Record, payroll outsourcing, and other support services, with the aim to ease our clients’ expansion into the Republic of the Congo.
Population: 84.1 mn
Gross Domestic Product (GDP): $49.87 bn
GDP Growth: 5.8%
Inflation : 6.23%
Foreign Direct Investment (% of GDP): 2.7%
Unemployment Rate: 4.2 %
Currency: Congolese franc
The Democratic Republic of the Congo continues to experience an economic recession due to the contraction of the oil industry following a decrease in production and oil prices globally. A nation that remains primarily dependent on the extraction sector and mineral resources, the Democratic Republic of the Congo lack diversification to boost further economic growth. The government is working towards promoting economic diversification as well as infrastructural developments, which can help enhance trade integration.
The Democratic Republic of the Congo is the second-largest country in Africa, bordering 9 countries: Angola, Burundi, the Central African Republic, the Republic of Congo, Rwanda, South Sudan, Tanzania, Uganda, and Zambia
Congo’s Virunga National Park is the oldest national park in Africa
The country is known for being among the most resource-rich in the world with gold, tantalum, tungsten, and tin, which are used in cell phones and laptops
The Democratic Republic of Congo has a space program that is financed by the Développement Tous Azimuts (DTA) together with government support. The Troposphere rockets’ mission is to send cargo to outer space in the future
There are over 1,130 species of birds, representing a larger variety than any other African country
The people in the Democratic Republic of Congo speak more than 215 languages.
New Year’s Day
Day of the Martyrs
Despite being a fast-growing African economy, the country has a long way to go to boost its economy and attract investment to develop key industries and create more employment opportunities, especially considering the fact that it has an increasingly younger population. Whilst employment agreements can be verbal or written, most established firms opt for a written contract that outlines an employee’s wage details, compensation, benefits, and termination conditions.
If your company is looking to attract and retain leading talent in the Republic of the Congo, whether local nationals or expatriates, Africa HR Solutions’ legally compliant and cost-effective employment outsourcing and payroll services will enable you to fast-track your growth and market-entry strategy, whilst ensuring that employee benefit packages are competitive and in line with market expectations.
By working with Africa HR Solutions as your HR outsourcing specialist, we make sure that you have time to focus on your Republic of the Congo expansion strategy.
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