EAC reviews Common Market Protocol ahead of DRC entry
Currency traders’ cabins at ‘Kintambo Magasin’ market in front of an government electronic board appeal against embezzlement of public funds in Kinshasa. It is part of efforts to strengthen the Congolese franc and de-dollarise the economy. PHOTO | AFP
The East African Community is reviewing the Common Market Protocol to allow a smooth entry of the Democratic Republic of Congo (DRC) and spur intra-regional trade, which has stagnated at around 15 percent.
The bloc’s highest decision-making organ, the Heads of State Summit, will review the protocol at the High-Level Summit Retreat on the Common Market before this year’s summit in April. EAC Secretary-General Dr Peter Mathuki confirmed the plan.
