The Democratic Republic of the Congo (DRC) joined the East African Community (EAC) in March 2022 in a development that has been largely feted as positive.

This decision was reached by the heads of state of the other member countries. The BBC in a report that covered the development said that although the country had officially become a member of the regional bloc, not much would change right away. This is because at that time in March 2022 Congolese lawmakers still had to ratify the decision.

The report added that Congolese citizens looking to travel to other member countries of the East African Community had to wait a little while longer. The BBC gave the example of South Sudan which took four months to become a fully-fledged member in 2016.

• DRC recently joined the EAC which is a move expected to help the country realize its mineral potential through regional

Economic diversification beyond commerce, as defined in the Djibouti Vision 2035 plan, the government’s national development program released in 2014, would depend primarily on the country’s capacity to sustainably enhance its tourism offerings.

While President Ismael Omar Guelleh’s administration has succeeded in increasing infrastructure investment, which is critical to fostering tourism, the nation still has a long way to go in enhancing international connectivity and domestic accessibility to become a top tourist destination.…

Renowned by some as ‘Africa’s melting pot’ and ‘Africa in miniature’ by others, Cameroon is inarguably one of the most diverse countries in the continent.

Perched at the crossroads of West and Central Africa, the country boasts not only a rich tapestry of indigenous cultures but also diverse flora and fauna. Its strategic position bordering the Atlantic Ocean to the southwest, serves as a natural gateway into the landlocked region of Central Africa.

Cameroon is one of the countries that make up the Congo Basin, which is home to the world’s second-largest tropical rainforest after the Amazon. The Basin is popularly known as the ‘lungs of Africa’ covering 268 million hectares in Central Africa; a lush region filled with beautiful canopies that is not only home to more than 10,000 species of tropical plants which cannot be found elsewhere in the world, but also to the world’s largest tropical peatland.…

Recent economic growth and development within Southern and Eastern Africa have created positive opportunities to expand water transportation services. Owing to the impressive growth of the East African economy, where countries like Tanzania and Ethiopia have experienced remarkable growth rates higher than the regional and continental levels, there is a prospect for expanding cargo traffic. A few of the sub-regions ports are experiencing capacity constraints and congestion.…

2022 has been a significant year that has marked the robust revival of Africa’s tourism industry which was almost gobbled up in the throes of the Covid-19 pandemic. According to the World Travel and Tourism Council latest Economic Impact Report (EIR), the African Travel and Tourism sector’s GDP is estimated to grow at an average rate of 6.8 percent annually between 2022 and 2032, creating 14 million new jobs. Furthermore, the sector’s contribution to GDP is expected to grow 20.5 percent to $144B by the end of 2022, amounting to 5.1 percent of the total economic GDP.

Moreover, employment in the sector is set to grow by 3.1 percent this year, to reach nearly 22 million jobs. The continent boasts of a thriving tourism industry, which has steered economic development, birthing robust tourist economies that enjoy an influx of visitors. However, as much as most countries have managed to harness…

China presently has the largest sum of foreign exchange reserves in the world. When its over US$ 3 trillion in reserves is added to the reserves of the other BRICS member states the questions as to why they cannot issue their own currency start to grow louder.

Talks of a common currency fizzled out as more pressing national and international matters eclipsed the idea. This year 2022 has seen renewed calls for a common reserve currency emerge once again. This time Russia is leading the call for the creation of a reserve currency that will be an alternative to the United States dollar as a mechanism for the settlement of international transactions.

Russia’s motive for making such a call is obvious, the country has been at war with Ukraine since February 2022. This aggression against Ukraine has earned Russia some of the most stringent economic sanctions in history. What has…