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Equity Bank to acquire 79pc stake in DR Congo microlender

Equity Bank chief executive James Mwangi at a past function in Nairobi. PHOTO | FILE

Kenya’s Equity Group Holdings has announced intentions to take a controlling stake in ProCredit, a microfinance bank in the Democratic Republic of Congo.

Equity Bank will acquire a 79 per cent controlling stake in PCB bank subject to regulatory approvals.

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