The Republic of the Congo is a country located in Central Africa. It is bordered by Gabon, Cameroon, the Central African Republic, the Democratic Republic of the Congo and the Angolan exclave of Cabinda. In the early 1980s, rapidly rising oil revenues enabled the government to finance large-scale development projects with GDP growth averaging 5% annually, one of the highest rates in Africa. The government has mortgaged a substantial portion of its petroleum earnings, contributing to a shortage of revenues. The January 12, 1994 devaluation of Franc Zone currencies by 50% resulted in inflation of 46% in 1994, but inflation has subsided since.[1]
Notable firms
editThis list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.
Name | Industry | Sector | Headquarters | Founded | Notes | Status | |
---|---|---|---|---|---|---|---|
Aéro-Service | Consumer services | Airlines | Pointe-Noire | 1967 | Airline | P | A |
Canadian Airways Congo | Consumer services | Airlines | Brazzaville | 2004 | Airline | P | A |
Development Bank of the Central African States | Financials | Banks | Brazzaville | 1975 | Development bank | S | A |
Equaflight | Consumer services | Airlines | Pointe-Noire | 1998 | Airline | P | A |
Equatorial Congo Airlines | Consumer services | Airlines | Brazzaville | 2011 | Airline, defunct 2016 | P | D |
Lina Congo | Consumer services | Airlines | Pointe-Noire | 1961 | Airline, defunct 2002 | P | D |
Mistral Aviation | Consumer services | Airlines | Brazzaville | 2006 | Airline | P | A |
Société Nationale des Pétroles du Congo | Oil & gas | Exploration & production | Pointe-Noire | 1998 | State oil & gas | S | A |
Trans Air Congo | Consumer services | Airlines | Pointe-Noire | 1994 | Airline | P | A |
Warid Congo | Telecommunications | Mobile telecommunications | Brazzaville | 2008 | GSM mobile provider | P | A |
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An 8" coring tool fitted to a drilling rig at Cominco Resources' Hinda Mine Site
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A Trans Air Congo Boeing 737-300
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A Lina Congo Fokker F27 Friendship.
See also
editReferences
edit- ^ "Congo, Republic of". EconStats. Retrieved June 11, 2009.