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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).

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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.

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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.

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