Equity invests Sh383m more in DRC unit

Equity Bank CEO James Mwangi. PHOTO | CYRIL NDEGEYA | NMG

Equity Group invested an additional Sh383 million in its Democratic Republic of Congo (DRC) subsidiary last year, underlining its confidence in that market which has become its most profitable outside Kenya.

The bank bought shares that were allotted to employees of Equity Bank Congo, its first DRC subsidiary that was later merged with Banque commerciale du Congo (BCDC) in which it acquired a majority stake in August 2020.

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