The Central Bank of Kenya (CBK) has backed the admission of the Democratic Republic of Congo (DRC) as the East African Community (EAC) seventh member, saying the move will boost the regional bloc’s market by half to 300 million people and create new investment opportunities.
The EAC common market, which consists of Burundi, Kenya, Rwanda, South Sudan, Tanzania and Uganda, was set up in 2010 to allow the free movement of goods and people across borders and is one of the most advanced trading blocs on the continent.
