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Equity to inject Sh12bn in its DRC subsidiary

James Mwangi

Equity Group Managing Director and CEO Dr James Mwangi.

Photo credit: Dennis Onsongo | Nation Media Group

What you need to know:

  • Equity Group said the amount will be invested in segments.
  • Lender has pointed to the strategic importance of its DRC’s subsidiary to its future growth.

Equity Group has announced a Sh11.5 billion ($100 million) capital injection into its Democratic Republic of Congo subsidiary BCDC to support multiple sectors of the economy.

The lender said the amount will be invested in segments such as agriculture, education, health, hospitality, food industry, mining, environment, SMEs, housing, energy and infrastructure among others.