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Equity buys 79pc stake in DR Congo’s ProCredit Bank

Equity Group has begun its promised march on Africa with the acquisition of a majority stake in ProCredit Bank, a leading player in the Democratic Republic of Congo’s small business sector.

The $60 million (Sh5.8 billion) deal, which is subject to regulatory approval in Kenya and the DRC, marks the first big step in a plan to enter ten new countries in ten years.

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