DRC: signing of a “major” partnership between AFD and EquityBCDC

The French Development Agency (AFD), with its “Choose Africa Resilience” offer and its subsidiary dedicated to the private sector (Proparco), signed, Tuesday, December 7 in Kinshasa (DRC), a USD 15 million partnership with the bank EquityBCDC, which has invested in technology and innovation, to guarantee private companies that are victims of the adverse effects of Covid-19.

This partnership is “of great importance,” commented AFD CEO Rémy Rioux. Who signed the documents with the president of the Equity group, James Mwangi, on the sidelines of the 7th edition of the annual Makutano Forum which takes place in Kinshasa.

A subsidiary of Equity Group Holdings Plc (EGH) since the acquisition of the majority of BCDC shares by EGH from the family of George Forrest in July 2020, EquityBCDC is the second largest bank in the DRC with a balance sheet of 2.5 billion USD and a national presence of 74 agencies.

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