Browsing: EAC members

DRC and EAC: Who stands to gain more from the pact?

“Concerning the management of the mineral resources sector, the Partner States agree, among other things, to promote joint exploration, efficient exploitation and sustainable utilization of shared mineral resources,” the treaty reads in part. The World Bank notes that DRC’s natural resources are diverse and immense in its country report. The country has the world’s second-largest primary humid tropical rainforest endowment and carbon sink globally. 

“However, forest loss rates have accelerated in recent years, and in 2020, the DRC lost 1.31 million ha of natural forest, equivalent to 854 million tonnes of CO₂ of emissions. This has had deleterious environmental impacts (including rainfall patterns, biodiversity, and climate change) and is threatening the livelihoods of the 35 million people who depend on forest resources,” World Bank says in the report.

World Bank’s collaborations in energy sector investments have been intended to rehabilitate transmission networks and hydropower plants, raise Inga’s electricity production by …