East Africa bloc becomes $250bn market as Congo joins

The Democratic Republic of Congo joined the East African Community, bringing the regional trading bloc’s market size to a quarter of the continent’s population and providing it with access to the Atlantic Ocean. The mineral-rich nation became the EAC’s seventh member after heads of state agreed to its request to join the $193.7 billion group.

The world’s largest source of cobalt and Africa’s biggest miner of copper, Congo has a population of about 90 million people and a GDP of $54.8 billion. Congo is led by Felix Tshisekedi since 2019 when he succeeded Joseph Kabila, who had been in power for nearly two decades, the mineral-rich country’s first-ever peaceful transfer of power. The central African nation’s economy is expected to grow 5.6% this year from an estimated 5.7% in 2021, according to the International Monetary Fund.

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

East Africa bloc becomes $250 billion market as DRC joins | Fin24The Democratic Republic of Congo has joined the East African Community, bringing the regional trading bloc’s market size to a quarter of the continent’s population and providing it with access to the Atlantic Ocean.
La source: Fin24 - 🏆 21. / 63 Lire la suite »

'South Africa is ready and open for business': Ramaphosa addresses South Africa Day at Expo2020President Cyril Ramaphosa delivered the keynote address at the South Africa Day celebrations at the Expo 2020 in Dubai. Sorry we missed this... we are currently pre-occupied with OperationDudula nhlanhla_lux_ Not really... The cowntry is not safe yet... 💔💔💔💔 Mzansi is always up for sale...
La source: ewnupdates - 🏆 30. / 53 Lire la suite »