Kenyan firms troop to DRC in hunt for bigger markets

main-kinshasa

30th June Avenue, the main street in Kinshasa, Democratic Republic of Congo. PHOTO | ADONIJAH NDEGE | NMG

Audit and advisory firm BDO East Africa is set to start operations in the Democratic Republic of Congo (DRC) in October, joining a growing number of Kenyan firms that are setting up shop in the East Africa Community’s newest member state.

The largely untapped DRC market has recently attracted more than 20 Kenyan firms which have either set up shop or offered a commitment to make trade investments. The biggest entrant is Equity Group which acquired Banque Commerciale du Congo in 2020, having earlier taken over ProCredit in the same market to set up its EquityBCDC subsidiary.

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