One year into M23 control, residents are struggling to get by in DRC's eastern capital

Goma's central market, a critical component of the local economy, has experienced a significant decline in activity due to the ongoing economic crisis. This situation arose following the occupation of the city by the M23 rebel coalition approximately one year ago.

The M23, supported by Rwanda, is the most influential among over 100 armed groups competing for control in the mineral-rich eastern region of the Democratic Republic of the Congo. The conflict has led to a substantial humanitarian crisis, with the United Nations refugee agency reporting over seven million displaced individuals.

Following intense conflict, the M23 took control of Goma early last year, and the city remains under their authority. Local businesses, such as vegetable stalls, have seen a decline in sales due to rising prices and diminishing customer interest.

Business Closures and Economic Decline

The ongoing conflict has resulted in the closure of numerous local businesses and the withdrawal of international companies from Goma, the capital of North Kivu. The rise in unemployment and the reduction of job opportunities are significant concerns for residents.

Local individuals report difficulty in securing employment, as both local and international organizations reduce their operations, further exacerbating the economic challenges in the region.

In Goma's downtown area, banks, once bustling with activity, now stand as symbols of the city's economic downturn. The closure of financial institutions has been identified as a major impediment to economic recovery, as it restricts the flow of capital and currency, thereby hindering investment and savings security.

Based on reporting by Africanews.