The colonial reality was primarily based on its economy. The colony had a mixed economy in which the state and private companies were interwoven in many regards. These colonial businesses counted among the world’s top companies. Already in 1928, Union Minière produced 7% of all the copper in the world. Diamond producer Bécéka also scored high results when in 1932 it accounted for more than half of the world’s diamond production. Besides copper, gold and diamonds, cobalt was also a success story. In 1960, up to 60% of all cobalt in the world came from the colony. The economic fabric was indeed largely based on mining and agriculture. Small and medium sized enterprises formed a minority.
- Profit motivations
- Benefits not for everyone