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South African president, Cyril Ramaphosa, met recently his counterpart in DRC Félix Tshisekedi, at the Presidential Palace in Kinshasa on his two-day visit to the country to discuss security and trade
South African president, Cyril Ramaphosa, met recently his counterpart in DRC Félix Tshisekedi, at the Presidential Palace in Kinshasa on his two-day visit to the country to discuss security and trade.
Both leaders are also attending the DRC-South Africa Economic Forum, which brought together around a hundred businessmen from the two countries. Importantly, the two sides reactivated the DRC-South Africa Great Joint Commission, a bilateral body of ministers from both sides tasked with working on revising bilateral deals. Kinshasa is preparing for a general election at the end of December amid persistent security problems in the east of the country.
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In 2021, South Africa exported US$1.07B to the Democratic Republic of the Congo. The main products were Refined Petroleum (US$70.5M), Liquid Pumps (US$70M), and Stone Processing Machines (US$51.4M). DRC’s export was minuscule at US$ 77.2 million to South Africa. Of late, many countries including those from Africa are negotiating with DRC on enhancing economic cooperation. DRC is rich in minerals including cobalt and lithium which are used for making spare parts for electric vehicles and batteries for electronic goods.
