Equity and KCB must sell stakes of at least 30 percent each in their subsidiaries in the Democratic Republic of Congo (DRC), which may dampen the banks’ ambition to reduce reliance on the Kenya operations.
The DRC’s central bank —Banque Centrale du Congo (BCC)—requires banks operating in the Central African nation to have at least four unrelated shareholders, including current owners, to hold a minimum stake of 15 percent each by the end of 2026 to spread risks.
