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...
This week, Africa’s health outlook is shaped by mounting supply chain risks tied to global tensions,...
A $147M Novastar Ventures fund backed by major Japanese firms offers co-investment rights int...
EBID aims to allocate nearly 41% of its commitments to environmentally and socially impactful projec...
Libya oil output reaches 1.43 million barrels per day Production nears pre-2011 levels as operations stabilize Oil dominates economy,...
Morocco renewable capacity doubles to 4,851 MW by 2025 Wind leads growth; solar expands, hydropower remains stable High energy import...
M-PESA evolves into major financial platform with 35 million users Telecoms, fintechs expand into banking, intensifying competition with...
EACOP pipeline reaches 82% completion ahead of planned 2026 launch Project to transport 216,000 barrels daily from Uganda to Tanzania Legal...
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...