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
ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...
South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...
Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes p...
West African Development Bank (BOAD) launched preparation of its 2026–2030 strategic plan wit...
The fast-growing installment payment market is set to expand sharply across the continent, even as s...
Xcalibur to launch $297.8 million mapping phase in DRC Three-year surveys to cover 700,000 square kilometers Program aims to modernize data,...
Gabon held the 5th steering committee for the eGabon and Gabon Digital programs on February 23. Authorities aim to strengthen interministerial...
The draft Cybercrime Bill would grant authorities expanded investigative powers over electronic data and communications. The Institute for Public...
Senegal, Canada finalize plans for Dakar-Montreal flights Air Transat to operate twice weekly from June Route expected to boost diaspora...
Located about 500 kilometers southwest of Cairo, between the oases of Bahariya and Farafra, the White Desert stands out as one of Egypt’s most distinctive...
The University of Lomé on Wednesday opened a fossil and rock exhibition hall showcasing specimens from the country’s coastal sedimentary basin. Led by the...