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Equity Bank set to acquire controlling equity stake in Commercial Bank of Congo (BCDC)
Equity Bank set to acquire controlling equity stake in Commercial Bank of Congo (BCDC)
Equity Bank set to acquire controlling equity stake in Commercial Bank of Congo (BCDC) with aim of merging business with its existing subsidiary in DRC. BCDC is the 2nd largest bank in Congo and deal will give new impetus to Equity’s Pan-Africa expansion. Similar transactions will see Equity Bank increase units in Zambia, Mozambique, Tanzania and Rwanda.
