KINSHASA, April 17 – The Democratic Republic of Congo is set to become sub-Saharan Africa’s fifth-largest economy in 2026, overtaking Ethiopia, according to the International Monetary Fund.
The IMF estimates Congo’s gross domestic product will reach $123 billion this year, slightly ahead of Ethiopia’s projected $122 billion. South Africa is expected to retain its position as the region’s largest economy, followed by Nigeria, Angola and Kenya.
Congo’s rise is being driven by a mining boom and stronger investor interest in its vast reserves of critical minerals. The country is the world’s leading producer of cobalt and a major source of copper, positioning it at the center of global supply chains for battery metals.
Recent momentum has been reinforced by improved market conditions, including a temporary easing of geopolitical tensions, which helped Congo raise $1.25 billion in its debut international bond sale.
The country is also benefiting from a strengthening currency, which has appreciated by more than 25% against the dollar over the past year. This contrasts sharply with Ethiopia’s birr, which has weakened following currency liberalization in 2024 and ongoing efforts by authorities to stabilize it.
Congo continues to attract investment from global players, including U.S.-backed ventures such as KoBold Metals and projects led by Zijin Mining Group, as demand for lithium and other battery materials accelerates.
Despite its rising economic ranking, Congo’s growth is expected to reach 5.9% this year, below Ethiopia’s projected 9.2% expansion. Across the region, sub-Saharan Africa is forecast to grow by 4.3% in 2026.
