Equity Group Holdings on Monday hosted investors from Kenya and the Democratic Republic of the Congo (DRC) as the Kenya and DRC Investors’ Roadshow 2023 kicked off.
The Kenya and DRC Investors’ Roadshow is an initiative by Equity Group to give global investors and partners a chance to expand business networks in Kenya and the DRC.
The five-day roadshow will go to various cities in Kenya and DRC and will showcase trade and investment opportunities available for the delegation of investors from both countries.
The first leg of the trade mission in Nairobi on Monday will be followed by a similar trip to Kinshasa, DRC on July 18–19 to discuss the potential for economic growth and development.
The roadshow will end in DRC’s economic hub Lubumbashi on July 20-22 with the program including meetings with state officers, business groups, industry leaders and Equity officials.
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“We’re excited to host the Kenya and DRC Investors’ Roadshow, which serves as a remarkable opportunity for investors and partners from around the world to expand their business networks in these dynamic African markets,” said Equity Group MD & CEO James Mwangi.
With the roadshow, Equity Group is seeking to enable the varied investors to access and comprehend the prospects for investment in the two East African Community economies.
“Through our Africa Recovery and Resilience Plan and the $7 billion fund, Equity Group has demonstrated its commitment to championing sustainable investments that foster economic growth and wealth creation across various sectors in the region,” added Dr Mwangi.
On his part, Central Bank of Kenya (CBK) Governor Kamau Thugge said the regulator and the government will continue supporting Kenyan businesses to expand regionally like Equity.
“You cannot ask for more from the Central Bank. They have walked the talk,” said Dr Thugge during the launch of the roadshow at Equity Group headquarters in Nairobi on Monday.
Dr Thugge undertook to hold sessions with private sector players and the Capital Markets Authority (CMA) to see what more can be done to spur industry growth and expansion.
On her part, National Treasury’s Director of Parastatal Reforms Karen Kandie challenged the private sector to take advantage of the huge investment opportunities available in the DRC.
“As the DRC joins the East African Community, the private sector must seize this opportunity and follow Equity’s lead. Where specific interventions are required, the government stands ready to provide support and assistance,” stated Kandie.
She added: “Equity Group’s triumphant foray into the DRC has paved the way for fearless market exploration. They’ve unveiled the untapped potential, demonstrating the viability of this dynamic market.”
Prior to the Kenya and DRC Investors’ Roadshow 2023, Equity Group previously convened the Kenya-DRC, US-Tanzania and US-Tanzania-Kenya trade missions in 2021 and 2022.