Congolese investors exited Kenya market after EAC entry

An aerial view of DRC capital Kinshasa. Investment by Congolese investors in Kenya registered a sharp drop in 2022. Shutterstock

The admission of the Democratic Republic of Congo (DRC) into the East African Community (EAC), which was expected to open up business between the country and other member States, seems to have done the opposite for Congolese investors holding assets in Kenya.

Kenya registered a sharp drop in assets held by Congolese citizens and companies in 2022, just after Kinshasa was admitted into the regional economic community in April of that year, a move that effectively allowed free movement of people, and goods and services into the Central African country.