The Democratic Republic of the Congo, informally Congo-Kinshasa, DR Congo, the DRC, the DROC, or the Congo, and formerly and also coloquially Zaire, is a country in Central Africa. It is, by area, the second largest country in Africa, and the 11th-largest in the world
The Central Bank of the Congo is responsible for developing and maintaining the Congolese franc, which serves as the primary form of currency in the Democratic Republic of the Congo. In 2007, The World Bank decided to grant the Democratic Republic of Congo up to $1.3 billion in assistance funds over the following three years. The Congolese government started negotiating membership in the Organization for the Harmonization of Business Law in Africa (OHADA), in 2009.
The Democratic Republic of Congo is widely considered one of the world’s richest countries in natural resources; its untapped deposits of raw minerals are estimated to be worth in excess of US$24 trillion. The Congo has 70% of the world’s coltan, a third of its cobalt, more than 30% of its diamond reserves, and a tenth of its copper.
The DRC is a civil law country, and the main provisions of its private law can be traced to the Napoleonic Civil Code. The general characteristics of the Congolese legal system are similar to those of the Belgian legal system, as the DRC largely received its law from its Belgian colonialists.
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key contacts
Director, Head of Civil & OHADA law
Specialised in international business law in Africa, Abdoul Mtoka is a key advisor in civil law jurisdictions with an in-depth expertise in OHADA law. For a decade, he has been involved in several complex transactions and matters in Africa for major international players.
Africase Attorneys is an international business law firm specialising in cross-border transactions, litigation, and arbitration across Africa. For decades, our international advocates developed an in-depth understanding of Africa and are working in the major capitals of Africa. We provide first-class and innovative legal solutions in Africa to our international clients including international corporations, NGOs, public institutions and States, international organisations, as well as local clients for their international transactions or interactions with foreign persons and entities. Along with an in-depth knowledge of Africa and its cultures, Africase Attorneys offer innovative, timely and efficient legal solutions specifically tailored to meet our international clients’ requirements and deadlines for their operations within the continent.