In its April 2022 review of African equities Corporate Africa reports that the sentiment was relatively mixed on African equity markets among the 17 markets covered. The key news affecting the markets across East Africa was the admission of The Democratic Republic of Congo to the East African Community on March 29, 2022 during the 19th Extraordinary Summit of the EAC Heads of State. While addressing the EAC Heads of State, President Uhuru Kenyatta, who is the chairperson of the Summit, said the admission of the DRC into the bloc would enable the Community to achieve the much-needed development based on the economies of scale.

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