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Kigali. The Democratic Republic of Congo has had the opportunity to join the East African Community in a move that could potentially expand the boundaries of bloc trading to the Atlantic Coast of Africa.
DR Congo President Felix Tshisekedi and Rwanda President Paul Kagame, who chairs the East African Community.
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The DRC is officially in the process of becoming a member of the KAGAM to date. 8. Kinshasa said it was going to join the bloc.
In response, President Kagame directed the EAC Secretariat to table DR Congo's application for discussion at the next Heads of State Summit in November. If it meets the admission requirements, it will vote on its admission.
Game changer
The potential membership of the Central African country is a game-changer, given its natural resources wealth and a huge consumer market of 81 million people.
It is the world's largest producer of cobalt, a major component in the manufacture of rechargeable batteries for electric vehicles, and Africa's main copper producer. It is also a major producer of gold, diamonds, uranium, coltan, oil and other precious metals, making it one of the most resource-rich countries in the world.
DR Congo is also host to the world's second-longest river, the Congo, a vast swath of fertile soil, one of the world's leading agricultural producers.
DR Congo's membership in the EAC, if fast-tracked and fully integrated through key infrastructure, also a timely pillar not only for the region but also for the larger Africa Continental Free Trade Area.
"DR Congo's membership offers the potential of opening a vast trading and communication corridor right across the middle of Africa from the Indian Ocean to the Atlantic Ocean," said Jeremiah Owiti, a Nairobi-based policy analyst.
President Tshisekedi has, since his inauguration in January, shown in the EAC, and has officially visited five member states – Burundi, Kenya, Rwanda, Uganda and Tanzania. He is trying to mediate between Rwanda and Uganda.
Market
Ms Patience Mutesi, Rwanda country director for TradeMark East Africa, DR Congo's app, saying a larger EAC market means more opportunities for traders and consumers.
DR Congo offers a market almost half the size of the EAC, and will also seek to export to the region.
Data from the Uganda Trade Ministry shows the country exported $ 398 million worth of goods to DR Congo in 2018, and plans to increase that to $ 2 billion by 2020.
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