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Trade and Industry Deputy Minister Urges South African Firms To Invest In The Congo

Trade and Industry Deputy Minister Urges South African Firms To Invest In The Congo

Trade and Industry Deputy Minister Elizabeth Thabethe is urging South African companies to invest in the Democratic Republic of Congo (DRC), reports IOL.

Thabethe made this comment while she was speaking at the fifth Investment and Trade Initiative (ITI) in Lubumbashi, her spokesman Sidwell Medupe said in a statement.

The ITI was aimed at improving bilateral trade relations with partners, including the DRC.

There are some South African companies that already invest in the DRC,  such as AngloGold Ashanti, the Industrial Development Corporation, and Standard Bank.

“A lot is being done and has been done in regard to foreign trade and investments, however it is not enough,” she said. “There is a greater room to increase investments and grow the volume of two way trade, and create a more diversified exports from both countries.”