• About Us
  • Contact
Thursday, March 30, 2023
No Result
View All Result
NEWSLETTER
The Business Wiz
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
  • Home
  • Featured News
  • Economic
    • Currency
  • Investment
  • Markets
    • Stock Market
  • Sectors
    • Agriculture
    • Commodities
      • Markets
    • Construction
    • Energy
    • Financial Services
    • Information Technology
    • Infrastructure
    • Manufacturing
    • Markets
    • Mining
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation
No Result
View All Result
The Business Wiz
No Result
View All Result
Home Economic

Expectations high as DRC finally becomes 7th EAC partner state

by Editor
12/07/2022
in Economic, Markets
0
Expectations high as DRC finally becomes 7th EAC partner state
Share on FacebookShare on Twitter

The Democratic Republic of the Congo (DRC) has finally become a member of the East African Community after depositing the instrument of ratification with the EAC Secretary General at the bloc’s headquarters in Arusha, Tanzania.

DRC’s Vice Prime Minister and Minister for Foreign Affairs, Hon. Christophe Apala Pen’ Apala (right) hands over his country’s instrument of ratification of the Treaty of Accession to the EAC Treaty to EAC Secretary General, Hon. (Dr.) Peter Mathuki, at the EAC Headquarters in Arusha, Tanzania yesterday. Photo courtesy of EAC

Handing over the instrument of ratification to the Secretary General, DRC’s Vice Prime Minister and Minister of Foreign Affairs, Hon. Christophe Lutundula Apala Pen’ Apala, said that the entry of his country into the EAC was an economic, cultural, geographical and historical obligation.

Hon. Apala said that DRC’s admission into the bloc was a fulfillment of the vision of the founding fathers of the Organization of African Unity (now African Union) including Mwalimu Julius Nyerere, Mzee Jomo Kenyatta, Kwame Nkrumah and Patrice Lumumba all of whom wanted a strong, united and prosperous continent where people could trade and move freely.

Hon. Apala said that the region faces similar challenges in terms of infrastructure development, insecurity, poverty, underdevelopment, diseases and ignorance that can best be addressed collectively by Partner States for the well-being of their peoples.

The Vice Prime Minister described the EAC as the most integrated bloc on the entire African continent, adding that the Summit of Heads of State also had the political will to achieve the objectives as outlined in the Treaty.

Hon. Apala said that the entry of his country into the EAC had strengthened the bloc’s economic, political, socio-cultural, financial and military muscle

Welcoming DRC into the bloc, EAC Secretary General Hon. (Dr.) Peter Mathuki hailed the government and people of the DRC for speedily concluding the internal and constitutional processes to ratify the Treaty of Accession and depositing the Instrument of Ratification well ahead of the schedule.

“The Summit had envisaged that this would be done by 29th September, 2022,” said Dr. Mathuki.

“Article 11 of the Treaty of Accession by the Democratic Republic of Congo to the Treaty for the establishment of the East African Community provides that the Accession Treaty shall enter into force on the date the Democratic Republic of Congo deposits the instrument of ratification with the Secretary General,” said the Secretary General.

“So I am very happy to declare that today, today 11th July, 2022, the Democratic Republic of Congo has become the 7th Partner State of the East African Community,” said Dr. Mathuki.

The SG added that DRC now joins the Community and the cooperation by all the Partner States in all the sectors, programmes and activities that promote the four (4) pillars of regional integration, namely the: Customs Union, Common Market, Monetary Union and Political Federation.

Dr. Mathuki disclosed that the Secretariat had developed a proposed roadmap for the integration of the DRC into the Community, adding that this would be shared and concluded with the participation and input of DRC.

Also present at the event were the Speaker of the East African Legislative Assembly, Hon. Ngoga Martin, the Chairperson of the EAC Coordination Committee and Kenya’s EAC Affairs Principal Secretary, Dr. Kevit Desai and EACJ Principal Judge, Justice Masara.

Editor

Editor

Next Post
African startups raised over $3 billion in funding in H1 2022

African startups raised over $3 billion in funding in H1 2022

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Exchange Rate

Exchange Rate USD: Thu, 30 Mar.

Recommended

PanAfrican Energy Tanzania appoints Mwinshehe Said as Chairman Board of Directors

PanAfrican Energy Tanzania appoints Mwinshehe Said as Chairman Board of Directors

10 months ago
Puma Energy on track to operate 200 solar service stations

Puma Energy on track to operate 200 solar service stations

3 months ago

Popular News

    News

    Get latest news from us.


    SUBSCRIBE

    Category

    • Agriculture
    • Aviation
    • Banking
    • Commodities
    • Construction
    • CSR
    • Currency
    • Economic
    • Energy
    • Featured News
    • Financial Services
    • Information Technology
    • Infrastructure
    • Investment
    • Jobs
    • Manufacturing
    • Markets
    • Mining
    • Others
    • Q&A Interviews
    • Real estate
    • Telecomunication
    • Tourism
    • Transportation

    About us

    The Business Wiz (TBW) is Tanzania’s premier one-stop online platform providing in-depth, accurate and timely business news, analysis, commentary and online business information portals and research.

    • About Us
    • Contact

    © 2022 The Business Wiz

    No Result
    View All Result
    • Home
    • Featured News
    • Economic
      • Currency
    • Investment
    • Markets
      • Stock Market
    • Sectors
      • Agriculture
      • Commodities
        • Markets
      • Construction
      • Energy
      • Financial Services
      • Information Technology
      • Infrastructure
      • Manufacturing
      • Markets
      • Mining
      • Real estate
      • Telecomunication
      • Tourism
      • Transportation

    © 2022 The Business Wiz

    en English
    ar Arabiczh-CN Chinese (Simplified)en Englishfr Frenchde Germanit Italianru Russianes Spanishsw Swahili