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Equity Bank eyes stake in DRC’s Banque Commerciale du Congo

PUBLISHED: Wed, 20 Nov 2019 15:07:33 GMT

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Equity Bank is in talks to acquire a 66.5 per cent stake in a top bank in the Democratic Republic of Congo (DRC), Banque Commerciale du Congo. The Nairobi Securities Exchange-listed bank said it will pay $105 million in cash for the 625,354 shares owned by George Arthur Forrest family inclusive of dividends that the bank will declare after 1 January. Analyst, Odhiambo Ramogi joins CNBC Africa for more.


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