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Obstructions to Entrepreneurship in the Mining Industry of Democratic Republic of Congo

Journal: International Journal of Science and Research (IJSR) (Vol.9, No. 12)

Publication Date:

Authors : ; ;

Page : 1374-1380

Keywords : Mineral exploration; Entrepreneurship; Democratic Republic of Congo; Questionnaire investigation;

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Democratic Republic of Congo (DRC) possesses immense deposits of natural resources. However, these resources are not benefitting the local Congolese as much as its potential. Over the years, striking huge deals have been made in the exploitation of the minerals yet the local Congolese has benefited little from these deals. As reported by the World Bank and United Nations (UN) assessment of economies, DRC exist as one of the poorest countries in the world. With the large reserves of essential mineral deposit, the economy of DRC can be improved as well as the standard of living of its citizens. It is therefore necessary to research avenues that hold potential for effective exploitation of these mineral resources for DRC. Entrepreneurship is recognized as a national asset necessary to be cultivated and remunerated to the greatest extent. If successful, it creates jobs and contributes immensely to a countrys economy. Local entrepreneurship is very low in the mining industry of DRC due to lots of unclarified reasons. Herein this work, we investigate the obstructions to entrepreneurship in the mining industry of DRC. In addition, a few suggestions and recommendation are made that can help improve and motivate the citizens to take opportunities in the mining industry of DRC.

Last modified: 2021-06-28 17:17:01