Kenya – DR Congo trade mission officially starts in Kinshasa

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Kinshasa — More than 250 Kenyan businessmen and investors are currently in the DRC on a 15-day trade mission which began on Tuesday.

The mission which will see them visit the cities of Kinshasa, Lubumbashi, Goma and Mbuji Mayi aims to expose Kenyan entrepreneurs to business opportunities in the DRC which is Kenya’s sixth largest international trading partner.

In April, during his visit to the DRC, President Uhuru Kenyatta and his host Felix Tshekedi signed a trade and investment agreement, promising to deepen trade ties between the two countries.

Speaking at the opening ceremony in Kinshasa, CS Industrialization and Trade Ambassador Betty Maina said expanding trade relations between Kenya and the DRC will result in economic growth for both. country.

“The Kenyan government is encouraging local SMEs to consider the DRC as a regional expansion market. Kenya and DRC have existing business relationships and this trade mission will further strengthen the matchmaking of local Kenyan entrepreneurs with local DRC businesses,” said Amb. Maina.

Also present at the event, Managing Director of Equity Group, James Mwangi, said the mission will help strengthen the friendship between the two countries and better understand each other’s cultures.

“Working with the governments of DRC and Kenya, we have successfully brought together over 250 Kenyan investors and entrepreneurs to collaborate and expand business and investment opportunities in the DRC,” he added.

Kenyan participants in the trade mission are exploring investment opportunities in infrastructure, hospitality, manufacturing, construction and agriculture, among other industries.

The mission comes in the context of the Council of Ministers of the East African Community giving the green light to the admission of the DRC into the East African Community.

Equity, which owns the second largest bank in the DRC, Equity BCDC, has pledged to help fund some of the deals concluded during the mission with its Ksh 500 billion pool earmarked to help SMEs in the region. to expand their business following the economic downturn. caused by the Covid-19 pandemic.

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