Housing Finance in Congo, Democratic Republic of the

Overview

This profile is also available in French here.

To download a pdf version of the full 2021 Democratic Republic of Congo country profile, click here.

The Democratic Republic of the Congo (DRC) had an estimated population of 89 561 404 in 2020, covering an area of 2 344 858km. The urban population growth rate is 3.14%, with a population density of 41 inhabitants per km2. The country’s 12 largest cities have been growing by approximately 4.7% a year with the total urbanised population estimated at 42% in 2015. The average urban growth rate between 2008 and 2018 was 4.1%, equal to adding 1 million city dwellers every year, a rate that if it continues would mean the urban population will double in only 15 years. These 12 cities face various economic, social, and political challenges including high levels of poverty.

The World Bank estimated that 73% of the Congolese population, equalling 60 million people, in 2018, lived on less than $1.90 (FC3 767) a day. This means that more than half of the population cannot access adequate housing or own a decent house resulting in an increasing number of informal settlements which are currently home to approximately 65% of the DRC’s urban inhabitants. The lack of affordable housing finance, high costs of urban land characterised by weak tenure security, rising construction costs, and the prevalence of slums, challenge current efforts by the government to alleviate the housing crisis.

The DRC has the world’s largest deposits of copper, cobalt, lithium, nickel, and uranium. These metals are used in everything from electric cars to solar panels and power grids and generate significant revenue for the country. Gross Domestic Product (GDP) was valued at FC98 876 billion (US$49.87 billion) in 2020 with the GDP per capita estimated to be FC1 104 353 (US$557). In the context of a fragile job market, the country’s unemployment rate has increased from 4.13% in 2019 to 4.55%, in 2020. The DRC’s public debt is low relative to other African countries at 21.2% of GDP, or FC20 173 billion (U $10.175 billion) but two-thirds is external, mainly from multilateral donors.

Find out more information on the housing finance sector of the Democratic Republic of Congo, including key stakeholders, important policies and housing affordability:


Each year, CAHF publishes its Housing Finance in Africa Yearbook. The profile above is from the 2021 edition, which has up-to-date profiles for 55 African countries.

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