Congo, Democratic Republic of the

Kiswishi

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Kiswishi

Congo, Democratic Republic of the

Year Proposed :
2015
Area (ha) :
4800
Proposed Population :
100000
Closest Major City:
Lubumbashi
(
16
km)
Major Backers :
Rendeavour (Developer); Renaissance Group (Russia); Private Investment
Policy Framework :
Unknown
Status :
Built
Phase I Complete, Phase II in Design

The Democratic Republic of Congo’s GDP growth reached 8.5% in 2015, largely thanks to the increase in mining activity. Lubumbashi, the country’s second-largest city, is the capital of the copper-rich Katanga province. Since 2000, its population has expanded by more than 50% to over 1.5 million, making Lubumbashi the twelfth-fastest-expanding city in the world. Located 16km northwest of Lubumbashi, Kiswishi sits on over 4,400 hectares of land adjacent to a large complex operated by Mines d Luishishi. The project is representative of a trend to segregate wealthier populations in isolated suburban compounds as a means to tackle the consequences of overpopulation in growing African cities. Depending on who one asks, Kiswishi is either oriented towards accommodating the DRC’s growing middle-class, or an exclusive, luxury tourist destination designed to house over 100,000 residents and visitors. With its master-plan complete, parcels in Kiswishi’s 108ha first phase are currently for sale. The project is being developed by Rendeavour, with $50-million in backing from Renaissance Partners, a unit of Moscow-based emerging-markets investment bank Renaissance Group.

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