×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

Equity completes acquisition of DRC-based ProCredit Bank

Equity Group CEO James Mwangi

Equity has completed acquisition of ProCredit Bank of the Democratic Republic of Congo after receiving regulatory approval from Kenya and DRC.

Making the announcement, Equity Group CEO James Mwangi said the transaction to acquire 79 per cent stake of ProCredit Holding issued shares was complete. ProCredit is an SME focused bank in the DRC.

Get Full Access for Ksh299/Week
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in