The Bank later increased its shares to 94.3 percent. In 2022, Equity acquired 66.53 percent of BCDC and merged it with Equity Bank Congo (EBC) to form Equity BCDC.

Moderne Apartments and BCDC will develop two multifamily communities in Phoenix, totaling 358 units. Berkadia planned financing.

Equity Bank has overtaken KCB Group Kenya’s most profitable lender on back of aggressive expansion of foreign subsidiaries.

Equity Bank CEO James Mwangi Equity Group Holdings PLC has completed the acquisition of a 66.53 per cent stake in the Banque Commerciale Du Congo (BCDC) at $95 million (Sh10.2billion).

The Democratic Republic of Congo’s central bank, Banque Centrale du Congo, is not making life easy for Kenya’s Equity Group Holdings (EGH). Just as the merger of Equity Bank Congo with the country’s ...

Equity Group Holdings Plc plans to buy a lender in the Democratic Republic of Congo, its second acquisition in five months, as part of the Kenyan bank’s strategy to expand across Africa.

The Kenyan bank disclosed in its annual report last week that it acquired a 2.3 percent stake from minority owners of Equity BCDC in August last year for Sh740 million.

The DRC needs to fix regulatory and access issues in banking to make the most of Equity Group’s purchase of BCDC. For that opportunity to be exploited, urgent adoption of President Félix Tshisekedi’s ...

DRC has become a meaningful market for Equity Bank since acquiring BCDC in 2019. In the financial results for the nine months to September 2023, the DRC subsidiary contributed about one in every ...

Equity Group Holdings has received regulatory approval to merge Equity Bank Congo (EBC) and Banque Commercial du Congo (BCDC) to form DR Congo's second largest lender by assets.

Equity Bank is now the most valuable company in East and Central Africa after the bank finalised the acquisition of Banque Commercial Du Congo (BCDC).