Republic of Congos young people seek better economic opportunities

Pointe-Noire Market Vendors Struggle to Make Ends Meet Amid Economic Challenges

In the Republic of Congo’s economic capital, Pointe-Noire, a bustling market scene unfolds in the early morning hours. Street vendors, including Romain Tchicaya, sell goods on the black market due to rising prices of essential items, including pharmaceutical products. Tchicaya, 37, holds a degree in management but has struggled to find stable employment despite his education.

Tchicaya’s situation is not unique. Many young Congolese face similar challenges, with limited job opportunities and a tight labor market. Brice Makaya, in his 40s, also lacks stability, having graduated from university with a degree in computer science but unable to secure a job. He now resides outside the church where he prays.

The Republic of Congo is one of Africa’s largest oil producers, yet nearly half its population lives below the poverty line. The country’s economy is heavily reliant on oil exports, which account for approximately 70% of its exports and nearly 40% of its GDP. However, this wealth does not translate to improved living standards for most citizens.

According to economist Charles Kombo, the Congolese economy’s structure contributes to the poverty issue. The country’s reliance on oil revenues creates a “rentier state” system, where natural resources are exploited by foreign companies in exchange for royalties and taxes. This dependence on extractive revenues influences budgetary priorities, political strategies, and perceptions of development.

The upcoming presidential election will take place this Sunday, with President Denis Sassou Nguesso seeking re-election. Young voters are concerned about job opportunities and the economy, but the government appears to face limitations in addressing these issues. The World Bank estimates that over 40% of Congolese people live below the poverty line, despite the country’s significant natural resources.

Source: Al Jazeera