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Audit and advisory firm BDO East Africa is set to start operations in the Democratic Republic of Congo (DRC) in October this year as part of its expansion plan across Africa. A growing number of Kenyan firms are setting up shops in the East Africa Community’s newest member state. There are also investments coming up from other destinations in the Central African country in various sectors including mining.
Audit and advisory firm BDO East Africa is set to start operations in the Democratic Republic of Congo (DRC) in October this year as part of its expansion plan across Africa. A growing number of Kenyan firms are setting up shops in the East Africa Community’s newest member state. There are also investments coming up from other destinations in the Central African country in various sectors including mining.
Importantly, the largely untapped DRC market has, of late, attracted more than 20 Kenyan firms. They have either set up shops or offered a commitment to make trade investments. The biggest entrant is Equity Group. It has acquired Banque Commerciale du Congo in 2020. Earlier, the Bank had taken over ProCredit I to set up its EquityBCDC subsidiary.
Firms offering professional business support services like BDO are beginning to follow their trading and manufacturing peers to the DRC. They will help navigate their clients in the legal, tax, and regulatory environment in the country.
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There is a growing demand for such services by companies that are setting up trading operations in the DRC. The existing Congolese businesses which have not had access to such services previously have started availing such services to induct professionalism into their operations.
