Kenyan Firms Commit Funding of U.S.$1.6 Billion in DR Congo

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Nairobi — Twenty-six Kenyan companies have committed trade investments worth USD 1.6Billion in the Democratic Republic of Congo.

The 26 traders are part of the Kenya delegation that participated in last year’s Kenya-DRC Trade Mission organized by Kenya and the Democratic Republic of Congo (DRC) in partnership with Equity Group.

The announcement was made in the presence of DRC’s President Felix Tshisekedi at a business event hosted by Equity Group to celebrate the signing of the accession treaty by DRC after admission into the East African Community (EAC) and in furtherance of the Kenya-DRC Trade relations.

This follows the signing of the accession treaty into the East African Community (EAC) by DRC after admission as the seventh member of the EAC regional bloc during the virtual 19th Extraordinary Summit of EAC Heads of State chaired by President Kenyatta on March 8th.

The event was attended by the Kenya DRC trade mission delegation comprising government officials including Cabinet Secretary, Ministry of Industrialisation, Trade, and Enterprise Development Betty Maina, and some of the Kenyan traders who participated in the trade mission last year.

In his speech, President Felix Tshisekedi announced that his government has put in place reforms to support investors in the DRC.

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Some of them include a three-axis program to protect investment and ensure a good investment climate that consists of legal and security investment, improvement of the tax systems to allow the flow of goods in and out of DRC, and access to loans for economic cooperators.