Browsing: DRC Investment Summit

What does DR Congo bring to East Africa?

Countries

As of 8th April, 2022, the Democratic Republic of Congo (DRC) officially joined the East African Community (EAC) opening a slew of opportunities for both sides.

The Treaty of Accession was inked in Nairobi, Kenya overseeing by the then EAC Chairperson former Kenyan President Uhuru Kenyatta alongside several other Heads of State of the EAC and of course the President of DRC, H.E. Félix-Antoine Tshisekedi Tshilombo.

  • The East African Community has agreed to speed up Congo-Kinshasa’s ascension into the bloc
  • DR Congo will open a new 90 million strong market to the EAC
  • With input from the DR Congo, the East African Community will form a new mechanism to handle natural resource management

With the ascension, the DR Congo has up to the end of this month (29th September, 2022) to complete its internal constitutional processes to ratify the Treaty and submit to the EAC Secretary General. …

DRC Investment Summit Mining in DRC, Copper Mining in DRC, Cobalt Mining in DRC

DRC investment summit an opportunity for EAC’s economic growth

Industry and Trade

The DRC investment summit is a creative tool used by the nation to attract global investment stakeholders. According to the summit organizers, the summit brings together international investors, businesses, developers, and policymakers to attract and retain investment, as well as discuss trends that influence economic growth in the DRC.

DRC is arguably one of Africa’s richest countries in terms of natural resources, but it still ranks lower in investment performance.

Furthermore, DRC’s Human Capital index is 0.3 percent below the SSA average of 4 percent.

DRC has the world’s third-largest human population of impoverished people, which the WB argued remains widespread and is increasing due to the impacts of the COVID-19 pandemic.…