The Republic of Congo or Congo (Brazzaville) is Sub-Saharan Africa fourth largest oil producer (after Nigeria, Angola, and Gabon). Most of its remaining estimated proven reserves of 1.5 billion barrels are offshore. Making it heavily dependent on foreign expertise and technology.

Foreign companies are heavily engaged in the exploration and production of oil and gas and as suppliers of equipment and machinery. Ethnic rivalry and political unrest has not disputed this vital sector but prompted potential investors in other sectors to put their plans on hold.

Country Profile

The Republic of Congo (commonly referred to as Congo Brazzaville to distinguish it from the Democratic Republic of Congo or Congo Kinshasa) lies within the catchment areas of the Congo and Ubangi rivers.

The climate is tropical. The population is Bantu-speaking with the Kongo, Teke ans Mboshi forming 85% of the total. About 45% are Christians.

Business Activity

Agriculture

Cassava, sugar, rice, corn, peanuts, vegetables, coffee, cocoa, forest products.

Industries

Petroleum extraction, cement, lumbering, brewing, sugar milling, palm oil, soap, cigarettes.

Natural Resources

Petroleum, timber, potash, lead, zinc, uranium, copper, phosphates, natural gas.

Exports

$6.3 billion (est.2007): petroleum products, lumber, plywood, sugar, cocoa, coffee, diamonds.

Imports

$1.8 billion (est. 2007): capital equipment, construction materials, foodstuffs.

Major Trading Partners

US, China, Taiwan, India, Belgium, Italy, France, Germany, South Korea.

Source: Les de Villiens, Africa 2009, Ninth Edition (A publication of The Corporate Council on Africa and Business Books International)