- The Democratic Republic of Congo (DRC) is wooing Kenyan investors to explore business opportunities in the country.
- The Kenyan arm of the Equity group and its DRC subsidiary EquityBCDC have offered to fund business opportunities in four DRC cities— Kinshasa, Lubumbashi, Goma, and Mbuji Mayi.
- A 300 member business delegation from Kenya is on a two-week visit to DRC.
The Democratic Republic of Congo (DRC) is wooing Kenyan investors to explore business opportunities in the country. Kenya and
DRC have close economic ties and DRC is the sixth biggest export market for Kenyan goods supported by the historical trade linkages and direct air links between Nairobi and DRC’s Kinshasa and Lubumbashi.
The Kenyan arm of the Equity group and its DRC subsidiary EquityBCDC have offered to fund business opportunities in four DRC cities— Kinshasa, Lubumbashi, Goma, and Mbuji Mayi. A 300 member business delegation from Kenya is on a two-week visit to DRC.
Governor of East Kasai province of DRC, Jeanette Musuamba urged the Kenyan businessmen to look at investment opportunities in minerals and agricultural sectors that will be duly financed by the Equity Bank. The Governor pointed out that the DRC has rich deposits of diamonds, iron, gold, cobalt and other minerals, that offer a lucrative investment opportunity for Kenyan investors. Processing of diamonds and minerals also held good scope. DRC also has huge deposits of construction materials like sand and granite.
EquityBCDC managing director Celestin Mukeba said that the trade mission was organised with the goal of unlocking trade, tourism and investment opportunities in DRC by arranging a platform for networking and match-making for the visiting delegation.
Equity established its presence in the DRC in September 2015 after acquiring a 79 percent stake in SME-focused ProCredit Bank in a Sh4.5 billion share swap deal.It also acquired a 66.53 percent stake in BCDC.
