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DR Congo & 6 East African Countries to form single Currency

Duration: 02:30Views: 17.6KLikes: 0Date Created: Feb, 2022

Channel: African Insider

Category: Music

Tags: tanzaniacongo mineralseast african federationkigali rwandarichest country in africaeast africakenya vs tanzaniadrc joins eacdr congo joins east african communityeast african communitydar es salaamuganda vs rwandajohannesburg south africafelix tshisekedimost developed country in africaafrican super powerkinshasa congoeac single currencylargest gdp economy in africa

Description: The Democratic Republic Of Congo (DRC) is a large country with a population of 90 million people and it is one of the biggest countries in Africa. It is a country well-endowed with natural resources and has the world’s second largest rain forest. The DRC has applied to join the East African Community (EAC) and is slated to become the EAC’s seventh member after Kenya, Uganda, Rwanda, Tanzania, South Sudan and Burundi. QUESTIONS: 👉 africanquestions@gmail.com With a surface area equivalent to that of Western Europe, the Democratic Republic of Congo (DRC) is the largest country in Sub-Saharan Africa, It is home to over 90 million people and tons and tons of minerals, and everywhere you step there is something precious. With an area of 2.4 million sq km, the country can easily support a population of 1 billion people. In other words all sub-Saharan African citizens can comfortable live inside Congo’s borders. The country has a 40km coastline on the Atlantic Ocean but is otherwise landlocked The DR Congo (DRC) will benefit enormously by joining the East African Community. These benefits will include the free movement of people to the rest of the bloc, as well as the transportation of goods to Tanzania's Dar es Salaam and Mombasa ports. On Wednesday, the 18 Extraordinary Summit of the regional bloc’s heads of state endorsed the admission of DRC into the EAC, making the country the newest member in the elite club. Before the DRC can fully join the EAC there is a verification process which has been completed and thereafter a presentation to the EAC heads of state for acceptance. The pending acceptance of DRC into the EAC has many benefits to countries in the region, the DRC and Kenya in particular. 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. Protectionism is the opposite of liberalisation. Protectionism happens where a country imposes strict rules and market barrier entries to imports. ......................................................... Algeria, Angola, Benin, Botswana, Burkina Faso, Burundi, Cape Verde, Cabo Verde, Cameroon, Central African Republic (CAR), Chad, Comoros, Democratic Republic of the Congo, Republic of the Congo, Cote d'Ivoire, Djibouti, Egypt, Equatorial Guinea, Eritrea, Eswatini (formerly Swaziland), Ethiopia,Gabon,Gambia,Ghana,Guinea,Guinea-Bissau, Kenya, Lesotho, Liberia, Libya, Madagascar, Malawi, Mali, Mauritania, Mauritius, Morocco, Mozambique, Namibia, Niger, Nigeria, Rwanda, Sao Tome and Principe, Senegal, Seychelles, Sierra Leon, Somalia, South Africa, South Sudan, Sudan,Tanzania,Togo,Tunisia,Uganda, Zambia, Zimbabwe

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