Equity Bank branch in Kibera, Nairobi, on May 24, 2020. Equity, which holds over $8.92 billion in assets, has mobilised close to $4.46 billion to fund businesses in countries where it has a presence such as DRC, Uganda, Tanzania, Rwanda, South Sudan and Kenya. FILE PHOTO | DENNIS ONSONGO | NMG The lender, which is listed on the Nairobi Securities Exchange, is boosting its business and market share in the DRC by funding and facilitating payments for the expected increased number of investors and traders between the two countries.
Equity, which holds over $8.92 billion in assets, has mobilised close to $4.46 billion to fund businesses in countries where it has a presence such as DRC, Uganda, Tanzania, Rwanda, South Sudan and Kenya.
Equity Group Holdings Ltd (EGHL) , in collaboration with 37 UN agencies and development financial institutions(DFIs) have developed a grand plan to accelerate economic recovery in the East and Central African region adversely impacted by the Covid-19 Pandemic through a private sector- driven ‘ Economic Stimulus’ program.
Equity Bank is positioning itself to gain from increased business in the Democratic Republic of Congo after presidents Uhuru Kenyatta of Kenya and Felix Tshisekedi of the DRC signed a bilateral agreement in April.
The lender, which is listed on the Nairobi Securities Exchange, is boosting its business and market share in the DRC by funding and facilitating payments for the expected increased number of investors and traders between the two countries.
A Kenyan trade delegation comprising members from both government and private sector visited DRC last week to explore opportunities.
Equity, which holds over $8.92 billion in assets, has mobilised close to $4.46 billion to fund businesses in countries where it has a presence such as DRC, Uganda, Tanzania, Rwanda, South Sudan and Kenya.
“Working together with the governments of DRC and Kenya, we have successfully brought together 253 investors, entrepreneurs and business representatives who are today gathered here to witness a historic day where Kenyans and the Congolese people intentionally collaborate to grow business and investment opportunities,” said James Mwangi, the Group’s chief executive at the launch of the Kenya-DRC Trade Mission in Kinshasa on December 3.
“Our commitment as a Group is to complement efforts from the government by availing solutions ranging from financing, saving and money remittance through Equity Bank Kenya and EquityBCDC.”
In addition to minerals, the country has a vibrant agricultural, cosmetics, textiles sectors and the service industry.
“This is […]