The Democratic Republic of Congo was born into crisis and, for its nearly 50 years of existence, it has more or less stayed there. From a civil war that nearly destroyed the newborn nation in the wake of independence, it descended into decades of parasitic rule at the hands of a strongman, Mobutu Sese Seko. As he raided the coffers of state mining companies, the desperate and starving masses occasionally looted what was left of the country’s rotting infrastructure. In 1994 inflation hit nearl...read more
The Democratic Republic of Congo was born into crisis and, for its nearly 50 years of existence, it has more or less stayed there. From a civil war that nearly destroyed the newborn nation in the wake of independence, it descended into decades of parasitic rule at the hands of a strongman, Mobutu Sese Seko. As he raided the coffers of state mining companies, the desperate and starving masses occasionally looted what was left of the country’s rotting infrastructure. In 1994 inflation hit nearly 10,000%: small by today’s standard in Zimbabwe, but enough to help end Mr Mobutu’s rule three years later.