Matooke Republic
Friday, July 11, 2025
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
Matooke Republic
  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos
  • Relationships
No Result
View All Result
Matooke Republic
No Result
View All Result

Equity Bank leads the charge in Kinshasa as DRC emerges as key investment hub for Africa

Matooke Republic by Matooke Republic
November 20, 2024
in Business
Reading Time: 3 mins read
Equity Group Director of Trade Relations AQ Hamza (left) with EquityBCDC Managing
Director Willy Mulamba (2 nd right) flanked by the Equity Deputy Managing Director for South
Region Vyes Bizunga (2 nd left) and Equity Deputy Managing Director for West Region Timo
Ntoto (right).

Equity Group Director of Trade Relations AQ Hamza (left) with EquityBCDC Managing Director Willy Mulamba (2 nd right) flanked by the Equity Deputy Managing Director for South Region Vyes Bizunga (2 nd left) and Equity Deputy Managing Director for West Region Timo Ntoto (right).

Share on FacebookShare on Twitter

Kinshasa, the vibrant capital of the Democratic Republic of Congo (DRC), has emerged as a top investment destination, with its strategic location and booming population of over 20 million making it a prime market for diverse industries. Situated in the heart of the DRC, the city stands as a beacon for manufacturing, logistics, food supply, and healthcare investments. This dynamic opportunity was showcased during the third trade mission to the DRC, which brought together entrepreneurs from the DRC, Kenya, Uganda, and Tanzania eager to explore and expand their businesses in one of Africa’s most resource-rich nations.

At the launch event held in Kinshasa, Willy Mulamba, Managing Director of EquityBCDC, explained the immense potential the DRC offers. “The DRC is rich in resources and presents boundless opportunities, and at Equity, we are committed to being the catalyst for your investment in this market. EquityBCDC is your strategic partner in growth,” Mulamba said.

He also highlighted EquityBCDC’s deep-rooted presence in the country, with Equity Group Holdings being the majority shareholder, owning nearly 65%, alongside the DRC government and the International Finance Corporation (IFC) as strategic partners. This diverse ownership structure reflects the strength of EquityBCDC’s position in a country brimming with opportunities.

RELATED POSTS

Pearl Tower One: Meera Investments unveils Kampala’s landmark Grade-A office building

Equity Bank, Nation Media Group and KPMG launch 2025 Top 100 Mid-Sized companies survey to empower Uganda’s SMEs

EquityBCDC’s reach spans across the vast DRC, with the country divided into five key regions. Kinshasa, located in the West Region, is a thriving economic and industrial center. The other regions include South, where mining activities thrive, and Central, Northern, and Western regions, each with their unique potential for growth.

Timo Ntoto, Deputy Managing Director for EquityBCDC’s Western Region, emphasized the multifaceted opportunities available in Kinshasa and the surrounding areas. “Kinshasa is not just the administrative capital, but a highly diversified hub for manufacturing, logistics, and food supply. With 30 million residents, there is an undeniable demand for food supply and consumer goods, creating fertile ground for investment. Additionally, the construction of a deep-sea port in Moanda promises to further boost logistical capacities, making Kinshasa even more central to regional trade.”

The session also highlighted the importance of Micro, Small, and Medium Enterprises (MSMEs) as key drivers of economic growth in the DRC. Michel Maswapu, Director of Investments at ANAPI, the National Agency for the Promotion of Investments, stressed that supporting MSMEs is crucial for job creation and fostering a sustainable economy. “ANAPI supports both local and international investors throughout their journey, offering guidance to ensure that investments thrive,” Maswapu said.

Delegates at the event had the opportunity to engage directly with EquityBCDC staff and fellow entrepreneurs, participating in valuable business-to-business sessions that provided insights and laid the groundwork for future collaborations. AQ Hamza, Director of Trade Relations at Equity Group, encouraged the delegates to leverage EquityBCDC’s network to expand not just within the DRC, but throughout the region. “We are here to connect the Congolese with entrepreneurs from across Africa, facilitating partnerships and contracts that will help grow businesses in the DRC and beyond,” Hamza said.

EquityBCDC, with its extensive regional presence and a capital base strong enough to support large-scale projects, continues to be a key enabler of economic growth in the DRC. The bank’s commitment to enhancing infrastructure, agriculture, and technology is poised to help transform the DRC into an even more significant player in Africa’s economic landscape.

Related

Tags: Equity BankEquity GroupEquityBCDC
Share2Tweet1Send
Matooke Republic

Matooke Republic

Freshly peeled info from area code 256

Related Posts

NMG’s Susan Nsibirwa and Claver Serumaga, the newly appointed Executive Director at Equity Bank Uganda launch the Top 100 mid-sized companies survey.

Equity Bank, Nation Media Group and KPMG launch 2025 Top 100 Mid-Sized companies survey to empower Uganda’s SMEs

by Matooke Republic
19 hours ago

...

Claver Serumaga.

Who is Claver Serumaga, the new Equity Bank Uganda Executive Director?

by Matooke Republic
3 days ago

...

Equity Group Managing Director and CEO, Dr. James Mwangi.

Equity Group secures approval to open UAE office

by Matooke Republic
1 week ago

...

Equity Group shareholders endorse strategic growth at 21st AGM, approve Shs444.9 billion dividend and expansion into UAE

by Matooke Republic
1 week ago

...

From L-R: Equity Bank Uganda Executive Director, Claver Serumaga, Equity Group Managing Director and CEO, Dr. James Mwangi and Equity Bank Uganda Managing Director, Gift Shoko, during the Quarter One 2025 Investor Briefing event.

Equity Group posts UGX 423.5 billion profit amid strong regional growth

by Matooke Republic
1 month ago

...

Next Post

LC Waikiki to unveil ‘New Season, New You’ collection at Acacia Mall this Saturday, promising fashion, entertainment, and family fun

Tusker Malt Conversessions Season Three Returns: A Celebration of Ugandan Music and Craftsmanship

RECOMMENDED

Isaiah Katumwa addressing members of the press.

Johnnie Walker Green Label to Celebrate Jazz Icon Isaiah Katumwa’s 30-Year Musical Journey

July 10, 2025

Pearl Tower One: Meera Investments unveils Kampala’s landmark Grade-A office building

July 10, 2025
  • 643 Followers
  • 23.9k Followers

MOST VIEWED

  • Here is how to use NIRA’s new online portal to register or renew your national ID

    3913 shares
    Share 1565 Tweet 978
  • DNA test confirms late MP Ssegirinya was father to only 4 of 9 children presented after his death

    96 shares
    Share 38 Tweet 24
  • Kampala University proprietor Prof Kateregga’s wife rejects DNA results indicating one of three children is not his, demands fresh test in the United States

    93 shares
    Share 37 Tweet 23
  • Properties owned by late billionaire Aponye at risk of auction over Shs15 billion loan arrears

    77 shares
    Share 31 Tweet 19
  • Pastor Bugingo’s daughter Doreen Gift awarded scholarship to Arizona State University in the US

    61 shares
    Share 24 Tweet 15
Matooke Republic

Uganda's only free Newspaper. Out every Thursday. Freshly peeled info. kiwatule, Kampala, Uganda.

  • Home
  • News
  • Entertainment
  • Gossip
  • Features
  • Business
  • Sports
  • Health
  • Photos

© Matooke Republic 2024

© Matooke Republic 2024

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.