Kenya’s president, Uhuru Kenyatta, during his three-day visit to the Democratic Republic of Congo (DRC) saw the signing of an agreement between both countries. The agreement covers areas in trade, transport, and security.
“As we move towards deeper integration not only of our region but continent, we should be able to ease the restrictions in terms of visas and other issues, and I look forward to engaging with you so that we can make it easier,” said Uhuru Kenyatta.
This agreement is being signed while there is a gap in terms of import and export between both countries per mirror data from statistics produced by the International Trade Centre.
The bilateral air service agreement and a maritime freight management agreement initiated between the two countries are falling short of their expectations. Measures other than customs tariffs are firm and thus act as a barrier to trade between both countries.
Also, Kenya is facing tough competition coming from Tanzania’s Port of Dar es Salaam which serves landlocked countries (including Malawi, Zambia, the Democratic Republic of Congo, Burundi, Rwanda, and Uganda) in this crucial pandemic moment.
According to a study by the East African Business Council, in collaboration with the German cooperation, DRC has great market opportunities for SMEs in the region, and also the potential for trade is still very much at its raw stage.
Solange Che
Flutterwave secures Nigerian banking license to offer credit and savings License enables direct d...
BCEAO mandates all financial institutions to complete integration Move aims to ensure seamless, i...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
Coca-Cola will invest $1.03 billion in South Africa by 2030 to expand capacity and distributi...
$287 million hospital project shows accelerated construction progress Authorities reaffirm 2027 commissioning timeline following site...
Mozambique starts solar plant project to power 1,200 households $12 million project backed by South Korea, built in Tete Initiative aims to...
Cotton prices hit 12-month high, rising 8.7% since December Gains driven by tighter supply, lower U.S. acreage forecasts Rising fertilizer...
Senegal broad unemployment rises to 23.3% in Q4 2025 Rate highlights underemployment beyond 5.4% ILO measure Youth, women, rural areas...
Sungbo Eredo, located in southwestern Nigeria near the Yoruba town of Ijebu-Ode, stands as one of the most remarkable yet overlooked monuments of...
“Dodji, l’Archet Vodoun” is a documentary about reconnecting with ancestral culture to understand one’s origins, following an initiation ceremony that...