EAC players seek to clinch Congo’s $2b market from S. African states
La Corniche border between DRC and Rwanda, among the region’s busiest one-stop border posts, through which between 4,000 and 5,000 people cross on a daily basis with the majority engaging in informal trade. PHOTO | CYRIL NDEGEYA
East African states are scrambling to wrest the multi-billion dollar Democratic Republic of Congo (DRC) market from the Southern African players, buoyed by the prospects of Kinshasa joining the East African Community early next year.
The EAC Council of Ministers has cleared DRC for admission as the seventh member of the bloc, opening up a mass consumer market of about 90 million people and an economy rich in minerals and other natural resources.
