Our Economic Insights
Weekly Economic Analysis – Week Ending August 28, 2026
Following our analysis for the week ending August 21, 2026, the Congolese economy remains broadly favorable, although several signals require closer attention. At ONYX PROJECT RDC, we particularly note an interesting combination of relative stability of the Congolese franc, resilient economic growth and elevated commodity prices, while the continued rise in cumulative inflation and higher cereal prices remain key areas to monitor.
1. Macroeconomy: Growth Remains Strong
The real GDP growth forecast remains around 5.7% in 2026, mainly supported by mining activity and investment. The overall momentum remains favorable and confirms the ability of the Congolese economy to maintain a solid growth rate. However, growth remains highly dependent on the extractive sector, which continues to limit the diversification of the economy.
Our Expert View: the current environment represents a genuine window of opportunity to accelerate investment in infrastructure, energy, logistics, industry and local processing. The objective should now be to transform mining-led growth into a more diversified and value-creating growth model.
2. Inflation: Pressure Remains Under Monitoring
The latest available publication shows weekly inflation at 0.192%, while cumulative inflation since the beginning of the year has reached approximately 6.47%. Year-on-year inflation remains relatively contained at 3.33%. The situation therefore remains broadly under control in the short term, but the cumulative increase in prices remains a point of concern. Recent increases in some international agricultural markets could also contribute to additional pressure on food prices in the coming months.
Our Expert View: the relative stability of the Congolese franc currently provides an important buffer against imported inflation. Nevertheless, businesses should continue to anticipate changes in input costs, margins and cash-flow requirements, particularly in sectors highly dependent on imports.
3. Foreign Exchange Market: The CDF Maintains Relative Stability
The Congolese franc remains relatively stable against the US dollar. The latest indicative exchange rate published by the Central Bank of Congo stands at approximately CDF 2,264.64 per USD 1 as of August 27, 2026. This stability remains a positive factor for importers, businesses and investors, improving visibility over costs and financial flows.
Our Expert View: the stability of the CDF is currently an important macroeconomic advantage that should be preserved. For businesses, however, managing foreign-currency flows and anticipating exchange-rate risk remain essential, particularly for import-intensive activities and investments requiring dollar-denominated financing.
4. Mining: Commodity Prices Remain Exceptionally Favorable
The mining sector remains the main driver of the Congolese economic outlook. Copper is trading at around USD 14,470/t, while cobalt remains close to USD 56,280/t. Gold is also holding at a high level, at around USD 4,455/oz. These price levels strengthen prospects for export revenues, foreign-exchange generation and investment in the extractive sector.
Our Expert View: the strategic question is no longer simply how to benefit from high commodity prices. The priority should be to create greater value around the country's mineral resources through local processing, stronger domestic subcontracting, infrastructure, energy and specialized services. The current market environment provides the DRC with an important opportunity to accelerate this transformation.
5. Agriculture and Energy: Two Emerging Areas of Concern
This week, international agricultural markets recorded notable increases in the prices of major cereals. International benchmarks stand at approximately USD 287/t for wheat, USD 211/t for maize and USD 343/t for rice. The oil market also remains volatile. Brent crude closed at around USD 88.29 per barrel on August 28, after trading at higher levels during previous weeks.
For the DRC, these developments may affect transportation costs, food prices, logistics costs and, more broadly, imported inflation.
Our Expert View: this situation reinforces the strategic importance of investing in local agricultural production, storage, irrigation, agro-processing and logistics. Reducing dependence on international markets should progressively become a major economic policy objective.
💡 ONYX PROJECT RDC – Our Conclusion
As of August 28, 2026, the DRC continues to offer a broadly attractive economic environment: solid growth, a relatively stable currency, comfortable international reserves and commodity prices at particularly favorable levels.
However, this positive environment should not obscure the main challenges: rising cumulative inflation, dependence on commodities, higher cereal prices and volatility in international energy markets. Our view is that the DRC currently has an exceptional window of opportunity to transform mining-sector performance into structural investment and economic diversification.
At ONYX PROJECT RDC, we believe that the most compelling opportunities currently lie at the intersection of mining, energy, infrastructure, agriculture, logistics and local processing.
The challenge in the years ahead will no longer be simply to maintain 5.7% growth, but to transform this growth into a more diversified, productive and value-creating economy in the DRC.
Weekly Economic Analysis – Week Ending August 21, 2026
Following our previous analysis as of August 14, 2026, the Congolese economy continues to show a broadly favorable outlook, although several areas require close monitoring. At ONYX PROJECT RDC, we see an interesting combination of economic growth, relative currency stability and strong commodity prices, alongside continued inflationary pressures.
1. Macroeconomy: resilient growth
Real GDP growth is still projected at around 5.7% in 2026, supported mainly by mining activity and investment. This remains a favorable environment, although growth continues to be highly dependent on the extractive sector.
Our expert view:the key challenge for investors is now to convert mining-driven growth into opportunities in infrastructure, logistics, energy and local processing.
2. Inflation: moderate, but requiring attention
Short-term inflation remains relatively contained, while cumulative inflation since the beginning of the year has reached approximately 6.3%. Year-on-year inflation remains comparatively moderate, at around 3.3%.
Our expert view: exchange-rate stability is helping contain imported inflation. However, the continued rise in cumulative prices makes careful cost and cash-flow management increasingly important for businesses.
3. Foreign exchange: relative stability of the CDF
The Congolese franc remains relatively stable, at around CDF 2,265 per USD according to the latest available Central Bank data.
Our expert view: this stability is a positive factor for importers and investors. Nevertheless, managing foreign-currency flows and anticipating exchange-rate risks remain essential for companies operating in the DRC.
4. Mining: a highly favorable environment
Copper and cobalt prices remain at high levels, supporting the DRC's export revenues and overall economic activity.
Our expert view: the real opportunity now lies in creating value around the country's mineral resources through processing, local suppliers, infrastructure, energy and specialized services.
5. Agriculture & energy: emerging areas of concern
International prices for wheat, maize and rice, together with oil-market volatility, may continue to put pressure on transportation costs and food prices.
Our expert view: this reinforces the strategic case for investment in local agricultural production, storage, agro-processing and logistics, helping reduce exposure to international market fluctuations.
💡 ONYX PROJECT RDC – Our Expert Conclusion
As of August 21, 2026, the DRC continues to offer an attractive economic environment: solid growth, relative currency stability and favorable commodity prices.
Our view, however, is that the next phase should not focus solely on benefiting from economic growth, but on positioning capital in sectors capable of diversifying and sustainably transforming the Congolese economy.
At ONYX PROJECT RDC, we believe the most compelling opportunities currently lie at the intersection of mining, energy, infrastructure, agriculture, logistics and local processing.
Central Bank of the Congo – Statistics
Weekly Economic Analysis – Week Ending August 14, 2026
Following our analysis as of August 7, 2026, the latest developments confirm the resilience of the DRC economy, while highlighting a more strategic phase for monetary stability, natural-resource management and economic diversification.
1. Macroeconomy: resilient growth
The DRC's 2026 real GDP growth forecast remains around 5.7%, supported primarily by mining activity and related investment.
Our expert view: Growth remains solid, but its quality is becoming increasingly important. The key challenge for the DRC is now to convert mining performance into local value creation, employment and stronger domestic supply chains.
2. Currency & inflation: stability to be consolidated
The Congolese franc remains relatively stable against the US dollar, while inflationary pressures continue to require monitoring. The BCC's policy rate remains at 12.50%, reflecting the monetary easing initiated in previous weeks.
Cumulative inflation has nevertheless exceeded 6% since the beginning of the year, showing that price pressures remain a key issue despite exchange-rate stability.
Our expert view:Exchange-rate stability is a positive signal for investors, but it must be supported by disciplined liquidity management and stronger fiscal coordination.
3. Mining: a major strategic shift
The DRC's decision to restrict exports of copper and cobalt concentrates marks a significant step toward greater domestic processing and value creation. The measure has also contributed to increased sensitivity in international copper markets.
Our expert view: This represents a structural opportunity. For investors, value creation is progressively moving beyond extraction toward processing, refining, logistics, energy and industrial services.
4. International markets: a favorable but volatile environment
Copper prices remain exceptionally high, although the market has shown increased volatility following the DRC's new export policy.
This environment remains favorable for the country's export revenues, but it also reinforces the need to diversify the economic base.
Our expert view: The current commodity cycle should be used as a window of opportunity to accelerate diversification rather than reinforce long-term dependence on raw-material exports.
5. Public finances: discipline remains essential
Public finances remain an important area to monitor. The combination of significant public spending requirements and the need to finance development priorities makes fiscal efficiency increasingly important.
Our expert view: Higher mining and tax revenues should be accompanied by stronger prioritization of productive expenditure, infrastructure and projects capable of generating sustainable economic returns.
💡 Our Experts' Conclusion – Onyx Project RDC
As of August 14, 2026, the DRC remains on a favorable economic trajectory, but the country is entering a more strategic phase.
Currency stability, monetary easing and strong copper and cobalt prices provide a supportive environment. However, the next phase of growth will depend increasingly on the country's ability to create value locally rather than simply export natural resources.
At Onyx Project RDC, we believe that mining transformation, infrastructure, energy, agriculture, logistics and digital services represent some of the most strategic opportunities for investors seeking long-term exposure to the DRC.
Weekly Economic Analysis – Week Ending August 7, 2026
Following our economic assessment for the week ending July 31, 2026, the Democratic Republic of Congo continues to show resilient fundamentals, supported by strong mining activity and favorable commodity prices. At the same time, exchange-rate dynamics and public finances remain areas requiring close attention.
1. Economic Growth: resilience confirmed
The 2026 real GDP growth outlook remains at around 5.7%, with mining continuing to provide the main contribution to economic activity.
Our expert view: The resilience of growth confirms the attractiveness of the Congolese market. However, the next challenge is to transform mineral-driven growth into broader economic development through local processing, infrastructure and industrial integration.
2. Inflation & Monetary Policy: a more supportive stance
Inflation remains relatively contained, while the BCC policy rate is now 12.50%, reflecting a gradual easing of monetary conditions.
Our expert view: This shift can support credit and economic activity. Nevertheless, monetary easing must remain compatible with exchange-rate stability and inflation control.
3. Foreign Exchange: a gap that remains significant
As of August 7, the official exchange rate stands at approximately 2,275 CDF/USD, compared with around 2,333 CDF/USD on the parallel market.
Our expert view: The persistent gap between the two markets remains an important operational issue for investors and companies. Managing currency exposure and structuring cash flows in foreign currency remain essential.
4. Strategic Minerals: the DRC's competitive advantage
Copper prices have continued to strengthen, reaching approximately USD 14,370 per tonne, while cobalt remains at a high level and gold continues to benefit from strong international demand.
Our expert view: This environment reinforces the DRC's strategic position in global mineral supply chains. The greatest opportunity lies in moving from extraction towards processing, industrial partnerships and local value creation.
5. Business Climate & Diversification
The business climate remains oriented positively, while agriculture, infrastructure, telecommunications and other non-mining sectors continue to offer significant development potential.
Our expert view: The DRC's long-term attractiveness will increasingly depend on diversification. Investors who position themselves today in sectors capable of supporting this transformation can benefit from the country's next phase of economic development.
💡 Onyx Project RDC – Our Conclusion
As of August 7, 2026, the DRC maintains a favorable economic trajectory, supported by resilient growth, strategic mineral resources and improving monetary conditions.
For Onyx Project RDC, the key message remains clear: the opportunity is not simply to invest in the DRC, but to participate in its transformation.
Local value creation, industrial development, infrastructure and economic diversification will be the foundations of sustainable investment opportunities in the years ahead.
Weekly Economic Analysis Week Ending July 31, 2026
Following our economic review for the week ending 24 July 2026, our team continues to monitor the Democratic Republic of the Congo's key economic indicators and strategic investment opportunities.
This week's analysis confirms the resilience of the Congolese economy, driven primarily by the mining sector. However, the country's greatest challenge remains transforming its abundant natural resources into sustainable local value creation.
1. Economic Growth: Strong Momentum Confirmed
Economic prospects remain robust, with real GDP growth forecast at 5.7% in 2026, supported mainly by the country's copper and cobalt production.
Our Expert Insight
The strength of the mining sector remains one of the DRC's greatest competitive advantages. However, the country's long-term economic success will depend on its ability to develop local processing industries, strengthen manufacturing, create skilled employment, and build national expertise.
2. Monetary Stability: Continued Vigilance Required
The foreign exchange market remains relatively stable, with the official exchange rate holding at around CDF 2,270 per US dollar, while the gap between the official and parallel markets continues to warrant close monitoring.
Our Expert Insight
Managing foreign exchange risk remains a key priority for investors. Secure financial flows, sound transaction structuring, and effective risk management are essential factors for successful investment in the DRC.
3. Strategic Mining Resources: A Global Competitive Advantage
Copper and cobalt continue to reinforce the Democratic Republic of the Congo's international attractiveness, particularly due to their critical role in the global energy transition.
Our Expert Insight
The next strategic milestone is to move beyond the export of raw materials by developing local value chains through mineral processing, industrial subcontracting, infrastructure development, and long-term industrial partnerships.
4. Economic Diversification: Agriculture as a Strategic Growth Driver
The DRC possesses exceptional agricultural potential, supported by vast arable land, abundant freshwater resources, and one of the richest biodiversities in the world.
Our Expert Insight
Commercial agriculture, agro-processing, and export corridors represent significant opportunities to diversify the economy and reduce dependence on the mining sector.
5. Business Environment: Expanding Opportunities
The business climate continues to improve gradually, strengthening investor confidence across key sectors including mining, energy, infrastructure, and agriculture.
Our Expert Insight
Success in the DRC requires a structured approach based on a thorough understanding of the local market, reliable local partnerships, and strong strategic support.
Onyx Project D.R.C. – Expert Conclusion
One week after our previous analysis of 24 July 2026, the Democratic Republic of the Congo continues to demonstrate its outstanding economic potential.
The country possesses exceptional strategic assets. However, sustainable value creation will depend on accelerating local industrial transformation, diversifying the economy, and promoting well-structured, long-term investment.
At Onyx Project D.R.C., we remain committed to providing independent analysis and strategic insights to help businesses and investors identify opportunities and make informed decisions in one of Africa's most promising markets.
