Economy

DR Congo joins the East African Economic Community: who benefits?

DR Congo joins the East African Economic Community: who benefits?
Written by on100dayloans

  • By Peter Mwangangi
  • Business Reporter for BBC Africa, Nairobi

Trader in the DRC

Photo credit, AFP

image caption,

DR Congo has among the highest levels of poverty in the world, according to the World Bank

The Democratic Republic of the Congo joined the East African Community (EAC) as the seventh member, massively expanding the territory of this trading bloc, giving it access to the Atlantic Ocean and dramatically increasing the number of French speakers. in what was initially a club of former British colonies.

What changes immediately?

East African Community (EAC) heads of state approved DR Congo’s admission to the bloc at a summit meeting on Tuesday, but although the country has officially become a member , not much can change immediately.

Congolese lawmakers have yet to ratify EAC laws and regulations before they come into force.

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