REPUBLIC OF CONGO
- The ROC and China announced a MOU for national development plan 2022-2026 in June 2021
- ROC’s largest export partners are China (53.8%), Angola (6.2%), and Gabon (5.7%)
- ROC is the 4th largest Oil & Gas Sub-Saharan producer with 340,000 bpd
- A 2nd refinery is under construction for est. $600m CAPEX
- New gas turbine power station with current capacity of 484 MW (expanded from 314 MW in 2019) situated at D’Jeno south of Pointe Noire
- ENI’s owned and operated valve station near the village of Mengo is only 33km from Kanga Potash’s processing plant via a dedicated corridor
- Treated process gas is available to Kanga Potash’s LoM and beyond
Brazzaville
- The Maya Maya airport was rebuilt in 2010 with a 2nd phase completed in 2013
- Various airlines operate national and international flights, including to Pointe-Noire
- The recently built N1 highway (2016) links Brazzaville and Pointe-Noire; the N1 was inaugurated at a cost of €2B
Pointe-Noire
- Antonio Agostinho Neto International Airport serves the city of Pointe-Noire
- Pointe-Noire has a deep-water port facilitating international container and bulk shipping, and provides access to vessels of up to 15m draught
KEY FACTS
- ROC is a small and relatively sparsely populated country of about 5 million inhabitants (2018) in Central Africa
- The current President of the Republic of the Congo is His Excellency Denis Sassou Nguesso, re-elected in 2021 following democratic elections
- Kanga Potash’s Project is particularly important to the Republic of the Congo, as currently the oil sector is the pillar of the ROC economy, accounting for 80% of fiscal revenue, 40% of GDP and almost 90% of export earnings. The Project will be one of the country’s largest mining and industrial projects, and an important step in diversifying the economy
- Prior to independence in 1960, the Republic of the Congo was part of French Equatorial Africa, which included modern-day Gabon, and the Central African Republic.
- Brazzaville continues as the political and administrative capital for the Republic of the Congo but Pointe-Noire is the economic centre of activity
INVESTMENT CLIMATE
- The government’s policy is focused on political reform and economic diversification
- The Republic of the Congo has long-attracted investments in the Oil and Gas industry, with majors such as Total, ENI and Chevron operating for decades
- Favourable mining legislation includes corporate income tax of 15%, royalty rate of 3% and 0% VAT during construction and operation
- Average annual growth rate is c. 5%