TradeMark Africa (TMA) has signed a Memorandum of Understanding with Democratic Republic of Congo (DRC) to facilitate projects that will improve cross border trade and enhance trade links between the country and East Africa Community member states. With the MOU in force, TMA, a leading trade facilitation institution, will replicate and consolidate its success in contributing to the ease of trading across borders and in this case, by investing in already available resources like water transport, simplifying trade processes through training and facilitating adoption of Information Communication Technology (ICT) around Eastern DRC. The government of the Netherlands made a commitment of USD 6.7Million to kick-start the projects. The projects will comprise dredging and rehabilitation of Kalundu port on Lake Tanganyika, support to cross border trade which will include capacity building and implementation of Integrated Border Management systems on the border crossings in Rusizi between Rwanda and Bukavu; rehabilitation of the Ports of Kasenyi (DRC) and Ntoroko (Uganda) and finally infrastructure work at the border crossing at Goli (Uganda) Mahagi (DRC). TMA involvement with DRC consolidate the benefits accrued from similar intervention it has facilitated in East Africa and especially along the regions’ main transport routes including the Northern Corridor from Mombasa linking Uganda, Rwanda, DRC and South Sudan. And Central Corridor, connecting Dar es salaam port to Rwanda, Burundi, and Eastern DRC by road and lake transport. During a visit to State House after the signing ceremony the DRC Directeur du Cabinet, at State House Prof. Nehemie Wilondja, stated that...
Signed: New MOU to enhance trade links between East Africa Community States and Democratic Republic of Congo
Posted on: April 3, 2017
Posted on: April 3, 2017