Republic of Congo

Overview

The Congo, also known as Congo-Brazzaville or the Republic of the Congo, is a country in Central Africa. It is bordered by Gabon, Cameroon, the Central African Republic, the Democratic Republic of the Congo, the Angolan exclave province of Cabinda, and the Gulf of Guinea. The Congo is one of Africa's largest petroleum producers, but with declining production it will need new offshore oil finds to sustain its oil earnings over the long term.

Economy

The Congo’s economy is a mixture of subsistence farming and hunting, an industrial sector based largely on oil and support services, and government spending. Oil has supplanted forestry as the mainstay of the economy, providing a major share of government revenues and exports. Natural gas is increasingly being converted to electricity rather than being flared, greatly improving energy prospects. New mining projects, particularly iron ore, which entered production in late 2013, have also added to annual government revenue. Economic reform efforts have been undertaken with the support of international organizations, notably the World Bank and the IMF. The current administration faces difficult economic challenges of stimulating recovery and reducing poverty. The recent drop in oil prices has constrained government spending; lower oil prices forced the government to cut more than $1 billion in planned spending.

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35 Matters
Getting the best deal on production sharing agreements in Africa

Production sharing agreement review - Congo

We advised a FTSE main-board listed company on the review of its PSC in Congo-Brazzaville. We focused on work obligations and the liability... More

Need to terminate business arrangements with your suppliers or distributors? John W Ffooks & Co can help

Distribution agreements in three African countries

We advised a chocolate-and-confectionery wholesaler on the termination of their business relationship with a Congolese distributor and on... More

Investing in francophone Africa? Our team can give you the legal lay of the land

Comprehensive regulatory advice - OHADA region

We provided a comprehensive overview of pharmaceutical and corporate law across the OHADA region for an international pharmaceutical... More

Connecting IT to quality legal advice in OHADA

Data protection advice across the OHADA region

We advised a leading IT services company on the rules for data protection across the OHADA region. This involved ensuring compliance for... More

Legal compliance for your industrial business in Congo

Regulatory compliance - Congo

We advised a world-leading industrial company on making official changes to their organizational chart for its Congo... More

Helping refugee aid programs work in Congo

Aid program for refugees - Congo

We advised an American non-profitable organization on the implementation of an aid program for refugees in the Republic of... More

Find out how international law may impact your African business

Regulatory advice - Congo

We advised a leading tobacco company on the ratification of the Framework Convention on Tobacco Control protocol to eliminate illicit trade... More

Launching a large-scale industrial facility in Congo? Get in touch with our team for top-to-bottom legal advice

Project finance - Congo

We acted for a Chinese consortium which is developing a bulk handling facility on the coast of Congo-Brazzaville. We advised on all aspects... More

Insurance growth in Congo

Equity purchase - Congo

We advised a leading wholesale provider of reinsurance and other insurance products on the potential equity purchase in a Congolese... More

Getting retail banking right in francophone Africa

Retail banking in francophone Africa

We advised a leading international bank on regulatory compliance for retail banking in Francophone Africa, such as license requirements,... More

Crafting expert advice on bankruptcy law

Guide on bankruptcy law - OHADA region

We wrote the chapter on bankruptcy in the OHADA region for Thomson Reuters Inside the Minds: Bankruptcy Law Client Strategies in the Middle... More

Environmental OHADA survey

Environmental OHADA survey

We conducted an environmental survey entitled "Acquiring or selling business: key considerations relating to environmental law" in Benin,... More