DR Congo cuts growth forecast for 2016 to 4.3 pct

Democratic Republic of Congo has cut its economic growth forecast for 2016 to 4.3 percent, compared with 6.9 percent last year, due to the impact of low commodity prices on its mining-dependent economy, the prime minister’s office said on Thursday. Production of cobalt, the metal used in lithium-ion batteries and of which Congo is the world's leading producer, slid by 13 percent over the same period.  The statement from the prime minister's office forecast inflation of 3.3 percent thi