S&P Global has upgraded the Democratic Republic of Congo’s outlook from “stable” to “positive,” signaling growing confidence in the country’s economic direction as reforms and strong mining exports begin to yield results. The ratings agency expects the country’s GDP growth to average around 5% through 2028, fueled by sustained global demand for copper and cobalt. Notably, support from the International Monetary Fund has helped bolster tax reforms and macroeconomic stability. Riding this momentum, the government plans a landmark $750 million Eurobond issuance in April to leverage its relatively low debt. While risks from commodity prices and eastern conflict persist, the revised outlook marks a major step in strengthening investor confidence ahead of Congo’s debut issuance in the international debt markets.
CNBC Africa
