Population (Millions)
2020
GDP (Billion)
2020
GDP Growth
2020
Inflation
2016
The Democratic Republic of Congo is Africa’s 3rd largest country and is home to over 78 million people (2017).
While conflict has persisted since 1996, its severity around the Eastern side of the country has reduced in the recent past. With renewed hope of a peaceful future, communities are now working together to create economic opportunities. This has inspired governments in the Great Lakes Region (GLR) and the international community to intensify efforts to foster economic co-operation between DRC and its EAC neighbours. DRC shares 2,500 kms of border with five East African countries including Rwanda, Burundi, Tanzania, Uganda and South Sudan.
TMA has partnered with EAC governments bordering DRC and international community to roll out economic interventions along DRC and EAC borders. This will contribute to creation of income-generating opportunities which will strengthen livelihoods for the people of DRC and their neighbours. Given that, cross border trade between DRC and EAC is estimated at US$ 0.5 billion in 2014, 50% of which is informal, this suggests that for sustainable change, interventions should promote both formal and informal trade. TMA project will target both formal and informal strands of trade; anchored on capacity building of traders, developing physical infrastructure, adopting use of ICT and strengthening government institutional support. This is a sustainable way to lift citizens out of the cycle of poverty and offers potential for increased peace and stability along the borders, opening doors to improved livelihoods.
Current major constraints to Cross Border Trade in Eastern DRC include: