East Africa bloc becomes $250 billion market as DRC joins | Fin24

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 bloc’s common market, which groups 177 million people, provides for free movement of goods, people, labor, services and capital among partner states Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda.

Sub-Saharan Africa’s largest country by landmass, Congo will provide a corridor for East African nations along the Indian Ocean coastline to connect with the Atlantic Ocean, opening a window to increased intra-African trade. 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.

Upside risks to growth may be driven by higher-than-projected mining activity or higher commodity prices that would strengthen fiscal and external positions, according to the lender.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ethereum founder is backing Zambia’s bid to be Africa’s tech hub | Fin24Zambia may be better known for mining copper than crypto, but a group of young entrepreneurs are looking to reinvent the country as an African technology hub - with support from Ethereum co-creator Vitalik Buterin. I don't trade for my self, but have earn a living and extra cash from trading with the help of stephinieweller she has always been of help to me and some other friends and family people are engaging with her everyday with good reviews wow, send her a dm to get started already
Source: Fin24 - 🏆 21. / 63 Read more »