Global financial institutions challenged to invest in agriculture
Equity Group is partnering with the governments of Kenya and the DRC for a two-week trade mission that is expected to foster trade and investment relations following the latter’s candidacy to join the East African Community.
The lender, through its Kenyan branch and its subsidiary in the DRC EquityBCDC, seeks to finance companies looking for opportunities in four cities of the DRC: Kinshasa, Lubumbashi, Goma and Mbuji Mayi.
The DRC is the sixth largest export market for Kenyan goods, aided by historic trade links and direct air links between Nairobi and Kinshasa and Lubumbashi in the DRC.
“We have gained enough experience in the six markets in which we operate and in the region to support companies looking to venture into the DRC and throughout East and Central Africa,” said James Mwangi. , Managing Director of Equity Group.
It targets housing, infrastructure development, environment, agriculture, education, health, mining and energy companies to take advantage of the population of over 100 million. ‘locals for growth.
The lender recently said it would fund Kenyan and South African companies looking to trade or invest in Africa with part of the 500 billion shillings collected from global lenders and customer deposits.
The Kenya-DRC mission hopes to attract over 200 investors and business participants from Kenya and a similar number from DRC and will include trade exhibitions, business forums and site visits in the four DRC cities.
Trade, Industrialization and Business Development CS Betty Maina said the mission will translate into victory for Kenyan businesses, especially producers of agricultural and manufactured goods who are at the top of the list of exporters to the DRC.
“This trade mission will enhance investment in services and products between the two countries, and we seek to explore more partnership opportunities in various sectors of the economy,” Ms. Maina said.