Regional lender Equity eyes more business after agreement
Equity Bank branch in Kibera, Nairobi, on May 24, 2020. Equity, which holds over $8.92 billion in assets, has mobilised close to $4.46 billion to fund businesses in countries where it has a presence such as DRC, Uganda, Tanzania, Rwanda, South Sudan and Kenya. FILE PHOTO | DENNIS ONSONGO | NMG
Equity Bank is positioning itself to gain from increased business in the Democratic Republic of Congo after presidents Uhuru Kenyatta of Kenya and Felix Tshisekedi of the DRC signed a bilateral agreement in April.
The lender, which is listed on the Nairobi Securities Exchange, is boosting its business and market share in the DRC by funding and facilitating payments for the expected increased number of investors and traders between the two countries.
