East Africans look to Somalia, DRC for expanded investment market

drc street

This general view shows currency traders cabins at ‘Kintambo Magasin’ market in front of an electronic board displaying a slogan in Kinshasa, DRC on August 11, 2021. PHOTO | ARSENE MPIANA | AFP

Tourism, investments in renewable energy, oil, transport and logistics are set to drive business opportunities in the East African region this year, according to industry leaders.

And these will draw largely from Somalia’s entry into the East African Community and the re-election of President Felix Tshisekedi in the Democratic Republic of Congo - two factors that are expected to fuel trading opportunities especially in the services industry, financial services/banking, and logistics.