Kenyans splash Sh100bn in DR Congo, target mineral wealth

Labourers carry sacks of ore at the SMB coltan mine near the town of Rubaya in the Eastern Democratic Republic of Congo (DRC) on August 13, 2019.

Photo credit: Reuters

Kenyan investors injected nearly Sh100 billion into the Democratic Republic of Congo (DRC) in 2022, underscoring the surge of interest that accompanied the country’s entry into the East African Community (EAC) that year.

A new survey on foreign investments conducted by the Kenya National Bureau of Statistics (KNBS), the Central Bank of Kenya (CBK) and the Kenya Investment Authority (KenInvest) shows that the surge in money flows quickly cooled the following year, reflecting both the initial excitement and the risks that continue to shadow investment in the troubled Central African state.

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