The DRC is now officially part of the East African Community (EAC) as of today!
The country becomes the 7th member of the customs and trading bloc. The other members are Burundi, Kenya, Rwanda, South Sudan, Tanzania & Uganda. EAC will have a single currency by 2024. EAC has a single passport that entitles citizens to work and trade in other EAC countries. EAC contains 5 cities with populations of over one million.
As of July 2015, the combined population of all five EAC member states was 169,519,847. English is designated as the official language of the EAC.
/africa/
Charles Harris
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Adam Lopez
they are expanding too fast
Benjamin Brown
thought they were just about to go to war with rwanda
Julian Robinson
Gaddafi's dream lives.
Jayden Sanders
africa will lead the world soon
just remember before you criticise that there was a time northern europe was totally uncivilised and now it nearly wholly outcompetes the south and it took nearly a thousand years for that
africa already has huge cities in less than 100 years
Julian Thompson
>EAC Regional Infrastructure Development
>Infrastructure is one of the most critical enablers of a successful regional integration, taking into account its importance in facilitating activities such as trade, agriculture, tourism and the movement of labour and other resources.
youtu.be
Adam Martin
>Why Congo is joining East African Community. >What benefits will it get
youtu.be
>Regional blocs operate on the principle of liberalisation of the market and removal of market barriers.
>Liberalisation has the effect of opening up markets to fair competition. This in the long run is good both for regional trade and the consumers.
Grayson Jackson
Why aren't horn part of EAC? Too unstable?
Also, pic-related looks pretty nice, would totally live there
Ayden Hughes
Because DR Congo has 52% of Africa’s surface water reserves and 23% of Africa’s internal renewable water resources, them joining the East African Community means over 75% of Africa’s surface water is now in the EAC.
DR Congo has also recently declared that they will stop the exportation of their raw mineral resources. According to the country authorities, none of their raw minerals will ever be processed outside Africa again.
Chase Sanders
weren't they supposed to federalize?
Oliver Myers
Probably.
>East Africa Bloc Becomes $250 Billion 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 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. “Working together, we have more to gain,” Kenyan President and current EAC Chairman Uhuru Kenyatta said after a virtual summit that brought together the community’s six existing members. “We are fully aware of the social and economic benefits realizable from a strong regional bloc in this globalized world.”
bloombergquint.com
Leo Roberts
It says they will eventually. eac.int
DRC has 90M people
>Untapped deposits of raw minerals
>The Congo Basin (World’s 2nd largest rain forest)
>70% of the world's Coltan
>Half of the world's cobalt
>its untapped deposits of raw minerals are estimated to be worth in excess of US$24 trillion
Eli Martinez
Afaik Somalia applied for that but got rejected, because... well... its a shithole even compared to the likes of South Sudan or DRC.
Jeremiah Morales
Why they call it doctor congo
Carter Hall
>EAC will have a single currency by 2024.
Wasn't that supposed to have happened already? I don't have much faith that the EAC will ever actually federalize, but I'd like to be proven wrong.
>DR Congo has also recently declared that they will stop the exportation of their raw mineral resources. According to the country authorities, none of their raw minerals will ever be processed outside Africa again.
Holy based.
James Reed
I didn’t know the DRC was part of East Africa. Also I don’t understand how countries like Kenya exist, they’re like artificial buffer states that Brit’s created and propped up, the NFD region in Kenya belongs to Somalia but for some reason Brit’s just added as a part of Kenya. I guess being in commonwealth guarantees stability.
Nicholas Russell
>DR Congo has also recently declared that they will stop the exportation of their raw mineral resources. According to the country authorities, none of their raw minerals will ever be processed outside Africa again
Vgh
also more business for us
Adrian Morris
This has to bullshit, they directly sell to China for dirt cheap. I don’t China of the corrupt officials who run the country would allow that to happen
Oliver Allen
>DR Congo has also recently declared that they will stop the exportation of their raw mineral resources. According to the country authorities, none of their raw minerals will ever be processed outside Africa again.
MAKE AFRICA GREAT AGAIN
Dylan Nelson
Democratic Republic of the Congo. You have to go back in history to when it was owned by the Belgian King Leopold. It was called Congo Free State then it changed to Belgian Congo then to Republic of the Congo then to Republic of Zaire then to Democratic Republic of the Congo (DRC). It is also called Congo-Kinshasa by French people to differentiate it from the much smaller Congo-Brazzaville which is also called Republic of the Congo.
Cooper Turner
Africabros, I'm sorry our glowies keep sabotaging your success.
Bentley Ortiz
You will never have a country to call your own. If only your parents had stayed in Nigeria.
Joshua Edwards
>You have to go back
woah, no racism finnbro
Jose Gutierrez
No, it's on time and happening exactly as they promised.
>The East African Monetary Union (EAMU) is an important stage in the process of East African Community (EAC) Regional Integration. The EAMU Protocol was adopted in accordance with the EAC Treaty and signed on 30th November 2013; it lays groundwork for a monetary union within 10 years and allows the EAC Partner States to progressively converge their currencies into a single currency in the Community.
>In the run-up to achieving a single currency, the EAC Partner States aim to harmonise monetary and fiscal policies; harmonise financial, payment and settlement systems; harmonise financial accounting and reporting practices; harmonise policies and standards on statistical information; and, establish an East African Central Bank.
It's happening. They already do it with copper and cobalt since 2017. Minerals will also go to other African countries for processing.
>DR Congo has plans to make the most of its resources in cobalt, nickel, lithium and manganese by building battery cathode precursor factories in the Haut-Katanga Special Economic Zone. The United Nations Economic Commission for Africa will lend a hand.
africaintelligence.com
Matthew Lee
With the rise of China to defend them and give them opportunities, africans are finally starting to defend their rights against westerners and their unfair practices.
Kayden Richardson
They need to start small like the EU or else this will never work out