Kenya Commercial Bank (KCB) and Equity Group will be required to sell at least 30 percent of their stakes in their Democratic Republic of Congo (DRC) subsidiaries as is required under Instruction 18. According to DRC’s central bank (Banque Centrale du Congo (BCC)), banks operating in the country should have at least four unrelated shareholders,...
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Kenya’s KCB, Equity Bank to sell 30 percent stake in Congo subsidiaries
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
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