Browsing: Congolese population in DRC

GDP in East Africa increases to Sh29 trillion after DRC enters alliance. www.theexchange.africa

East Africa GDP hits US$250 billion after DRC’s entry

Regional Markets
  • DRC formally joined the EAC by depositing its instruments of ratification on the EAC Treaty’s accession with the bloc’s secretariat
  • DRC will eliminate constraints on the free movement of individuals and goods, as well as increase intra-EAC exports which presently total USUS$7.4 billion
  • The enlarged membership makes the community larger, with a nearly 50% rise in population, a 22% increase in GDP, and a 79% increase in the territorial area ranging from the Indian to the Atlantic Ocean

On Monday, the Democratic Republic of the Congo (DRC) accomplished the final and most significant step to joining the East African Community (EAC).

At a ceremony conducted at the EAC headquarters in Arusha, Tanzania, the DRC formally joined the EAC by depositing its instruments of ratification on the EAC Treaty’s accession with the bloc’s secretariat.

DRC now has the same rights and benefits as all EAC members to engage in EAC programmes …

Trade relations between Belgium and the DRC

Industry and Trade
  • In 2020, the DRC imported goods of over US$333 million from Belgium, with products such as blood, vaccines, refined petroleum and packaged medicaments topping the imports
  • Including the DRC in the EAC provides Belgium with almost all the imports they source from Africa from one region, the East African region
  • The atrocities committed by King Leopold II are dragging the relationship between these two countries

The war between Russia and Ukraine is shifting the focus of European countries to Africa as an alternative market for gas and food products. Among the relationships that have registered an upward trend is a partnership between the Democratic Republic of Congo and Belgium.

The trade relationship between the two countries has been in existence for decades now, performing well economically. In 2020, the Democratic Republic of Congo (DRC) imported goods of over US$333 million from Belgium, with products such as blood, vaccines, refined petroleum…

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