Equity Group to Aid Kenyans Investing in the DRC
Equity Group has announced that it will aid Kenyans investing in The Democratic Republic of Congo (DRC).
The investments in the DRC will be in its minerals and agricultural sectors.
Governor of East Kasai province Jeanette Musuamba said the DRC, which has diamonds, iron, gold, cobalt, and other minerals, provides a lucrative investment opportunity for Kenyan investors.
“Serious exploitation can be explored for processing diamonds and other minerals at an industrial level.
We also have massive deposits of construction materials like sand and granite, which exists in many areas,” said the governor.
DRC Investments
Ms. Musuamba spoke when she hosted the Kenya-DRC mission comprising 300 investors and participants from Kenya.
The investors are visiting DRC for a two-week trade mission according to Business Daily.
This is as part of an Equity Group-backed partnership with the governments of Kenya and DRC to foster trade and investment ties.
Equity Group Funding
Equity through its Kenyan arm and its DRC subsidiary Equity BCDC is looking to fund businesses that are seeking opportunities in four DRC cities.
These are— Kinshasa, Lubumbashi, Goma, and Mbuji Mayi.
“This trade mission was organized with the sole purpose of unlocking trade, tourism, and investment opportunities in DRC and this is already bearing fruit,” said Equity BCDC managing director Celestin Mukeba.
“It is in this vein of expanding wealth that Equity has brought more than 300 Kenyans to DRC in four cities for networking and matchmaking.”
Equity has pointed to the strategic importance of its DRC’s subsidiary to its future growth.
Equity first entered into the DRC in September 2015 after acquiring a 79 percent stake in SME-focused ProCredit Bank.
This was in an Sh4.5 billion share swap deal that saw it issue 70.8 million shares to investors in the subsidiary.
Equity last year was followed up by acquiring a 66.53 percent stake in BCDC.
