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 Social, political and economic developments and challenges in Africa

Economic challenges that Democratic Republic Of Congo (D.R.C) faced in 1970’s.
a) Corruption and mismanagement of the economy. Mobutu was the richest president in the world while Zairians became the poorest people in the world.
b) Inflation due to power struggle and corruption. By 1980, the country’s currency
was not worthy the paper on which it was printed.
c) There was also a problem of heavy foreign debt. The country was unable to service her debts.
d) There was a standstill in the economic activities and disruption of railway transport due to civil wars in the country.
e) The period also witnessed fall in world copper prices and increase in oil prices.

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