Equity Group hosts investors participating in Kenya,DRC Roadshow

Equity Group Holdings hosts investors participating in Kenya,DRC Roadshow

Paul Arithi July 17, 2023 3 min read

Equity Group Holdings has hosted a delegation of investors who will be participating in the Kenya and DRC Investors’ Roadshow, aimed at unlocking business networks and fostering trade and investment opportunities in Kenya, the Democratic Republic of Congo (DRC) and the East African region.

The roadshow, organized by Equity Group, will span five days and include visits to key cities in both countries, showcasing the immense potential for economic growth and development.

As part of the Africa Recovery and Resilience Plan (ARRP), Equity Group’s regional banking subsidiaries in six countries have implemented various initiatives to accelerate the sustainable building back better of the African continent following the challenges posed by the COVID-19 pandemic and the current global economic crisis.

The Investors’ Roadshow is a crucial component of this plan, with the primary objective of providing foreign investors with a platform to explore and seize untapped opportunities in Kenya and DRC.

Kenya and the DRC boast thriving economies and diverse sectors that present promising investment prospects.

The roadshow will provide a unique opportunity for investors to explore these markets firsthand and establish relationships with key stakeholders.

Equity Group’s comprehensive network and deep understanding of the local business landscape will ensure that investors receive valuable insights and guidance throughout their journey.

The roadshow commenced on Monday, 17th July, 2023, in Nairobi, Kenya, followed by visits to Kinshasa, the capital city of the DRC, from 18th July to 19th July. The final leg of the roadshow will take place in Lubumbashi, the economic hub of the DRC, from 20th July to 22nd July.

The itinerary includes meetings with government officials, business associations, industry leaders, and Equity Group management, as well as site visits to showcase the potential investment opportunities firsthand.

Equity Group Managing Director and CEO Dr. James Mwangi said, “We are excited to host the Kenya and DRC Investors’ Roadshow, which serves as a remarkable opportunity for investors and partners from around the world to expand their business networks in these dynamic African markets.

Through our Africa Recovery and Resilience Plan and the $ 7 billion fund, Equity Group has demonstrated its commitment to championing sustainable investments that foster economic growth and wealth creation across various sectors in the region.”

The Central Bank of Kenya Governor,Dr Kamau Thugge,who spoke at the event reinforced Kenya’s suitability as an investment destination, assuring the investors of the stability of the country’s economy.

“The Kenyan economy has exhibited a lot of resilience and is one of the fastest growing economies in the region despite the global shocks from the COVID-19 pandemic and the Russia – Ukraine conflict.

This resilience stems from the fact that our economy is heavily diversified, and with opportunities for more investment in agricultural, trade and manufacturing sectors,” said Dr. Thugge.

Karen Kandie, Director of Parastatals Reforms at the National Treasury and Planning on behalf of the Permanent Secretary National Treasury and Planning said, “Equity Group’s triumphant foray into the DRC has paved the way for fearless market exploration.

They’ve unveiled the untapped potential, demonstrating the viability of this dynamic market.

As the DRC joins the East African Community, the private sector must seize this opportunity and follow Equity’s lead.

Where specific interventions are required, the government stands ready to provide support and assistance.”

The Kenya and DRC Investors’ Roadshow follows the success of previous trade missions conducted by Equity Group, including the Kenya-DRC, US-Tanzania, and US-Tanzania-Kenya trade missions held in 2021 and 2022.