Public Management

DRC officially joins the EAC

DRC officially joins the EAC
Tuesday, 29 March 2022 19:11

In 2019, the Democratic Republic of Congo (DRC) officially applied to join the East African Community (EAC). The country’s application was officially approved during a recent extraordinary meeting of the Presidents of EAC member countries.

The Democratic Republic of Congo (DRC) is now a member of the East African Community (EAC). The announcement was made by the institution in a release issued at the end of a virtual summit held on Tuesday 29 March.

The DRC is thus the seventh country to join the community after Burundi, Kenya, Rwanda, South Sudan, Tanzania, and Uganda. It began the process to join the community -that was representing a combined GDP of US$193 billion and a population estimated at 177 million at the time- in 2019.

At the time, the newly elected president, Felix Tshisekedi (photo), indicated that his top priority would be getting the country into the East African trade bloc.  The aim was to allow DRC to benefit from the benefits offered by membership to that community. Those benefits include free movement of people and goods as well as security and political benefits. In recent months, DRC signed numerous agreements with its EAC neighbors to participate in inter-state transport projects being implemented in the region.

DRC is the second-largest country in Africa. With its significant mining resources, it is a choice entry point for the EAC, which can now access West African coasts via Banana seaport in Southwestern DRC.

“The EAC now spans from the Indian Ocean to the Atlantic Ocean, making the region competitive and easy to access the larger African Continental Free Trade Area,” indicated Peter Mathuki, EAC secretary-general. Commending the new membership, Uhuru Kenyatta, Chair of the Summit of EAC Heads of States, praised  a “momentous occasion in the region's integration history."

Moutiou Adjibi Nourou

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
The BCC formalised a partnership with DRC Gold Trading SA for an artisanal gold acquisition programme, to build physical reserves and strengthen...
Cameroon inflation averages 3.1% in year to January 2026 Food prices up 6.6%, but fall 1.9% in January IMF sees inflation easing to 2.9% in...
Study finds nearly 80% of respondents in both markets already hold stablecoins Users cite faster, cheaper payments as digital dollars gain traction...
Kenya raised $2.25B via dual-tranche Eurobonds to buy back 2028/2032 debt, luring investors with yields of 8.1% and 8.95% to smooth...
Most Read
01

ECOWAS central bank governors reaffirm a 2027 target for launching the Eco. Nigeria signals...

ECOWAS Eco Currency May Launch Without WAEMU in 2027 Push
02

South Africa led with 35% of total deal value, ahead of Kenya and Egypt Inbound deal value ro...

Three Countries Drove 70% of Africa’s M&A Deal Value in 2025
03

Investigation targets alleged breaches of Nigeria’s 2023 data protection law Platform processes p...

Nigeria: Investigation on Chinese Owned Temu Regarding Privacy Breach Concerns for Local Users
04

Nigeria opened a formal investigation into Temu over alleged violations of its 2023 data protectio...

Nigeria Opens Data Privacy Probe Into Temu in Sovereignty Push
05

The main point of contention between Niamey and France’s Orano concerns the uranium stock extracted ...

Niger-France uranium dispute: How 156 tonnes became 156,000 in global reporting
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.