Corporate

Kenya's Two Major Banks to Relinquish 30% Stake to DRC on New Terms

Both Equity and KCB currently own 85% stakes in their respective DRC subsidiaries—Equity BCDC and Trust Merchant Bank (TMB).

April 22, 2025
583 1 minute read
Equity, KCB to Relinquish 30% Stake in DRC on New Terms
DRC Central Bank

Kenya’s leading banks, Equity Group Holdings and KCB Group Plc, are mandated to relinquish at least 30% of their stakes in their Democratic Republic of Congo (DRC) subsidiaries by the end of 2026.

This directive stems from the DRC’s central bank, Banque Centrale du Congo (BCC), which requires banks operating in the country to have at least four unrelated shareholders, each holding a minimum of 15% stake.

Additionally, local shareholders must collectively own at least 45% of the bank’s shares.

Both Equity and KCB currently own 85% stakes in their respective DRC subsidiaries—Equity BCDC and Trust Merchant Bank (TMB).

Also Read: KCB Group To Acquire 75% Stake in Riverbank Solutions

These holdings have been highly profitable, with Equity BCDC reporting a 29% increase in net profit to Ksh.15.6 billion and an asset base of Ksh.656.5 billion in the previous year.

Similarly, KCB’s TMB posted a net profit of Ksh.10.4 billion in 2024, up from Ksh.8.1 billion the previous year.

The BCC’s regulation, known as Instruction 18, aims to spread ownership to mitigate risks and enhance local participation in the banking sector.

This move has significant implications for foreign banks operating in the DRC, including potential delays in transactions such as the sale of the National Bank of Kenya (NBK) to Nigeria’s Access Bank, which must also comply with the new ownership requirements.

April 22, 2025
583 1 minute read
Monitor Your Business Transaction
Photo of Lawrence Baraza

Lawrence Baraza

Lawrence Baraza is a dynamic journalist currently overseeing content at Metropol TV Digital. With a keen focus on business news and analytics, Lawrence guides the platform in delivering insightful, data-driven content that empowers its audience to make informed decisions. Lawrence’s commitment to quality and his ability to anticipate market trends make him a key figure in the digital media landscape. His work continues to shape the way business news is consumed, making a significant impact in the field.

Related Articles

South African Businessman & LA Times Owner Eyes IPO by 2026

South African Businessman & LA Times Owner Eyes IPO by 2026

18 hours ago
Facts about Mukuru Kwa Njenga Affordable Housing Units You Must Know

Facts about Mukuru Kwa Njenga Affordable Housing Units You Must Know

18 hours ago
Côte d’Ivoire Issues $336 Million Samurai Bond, First in Sub Sharan Africa

Côte d’Ivoire Issues $336 Million Samurai Bond, First in Sub Sharan Africa

23 hours ago
Why Ethiopians Are Irked by Trump’s Comment on $5 Billion GERD Dam

Why Ethiopians Are Irked by Trump’s Comment on $5 Billion GERD Dam

2 days ago

583 Comments

  1. You really make it appear so easy with your presentation however I find this topic to be actually one thing which I feel I might never understand. It sort of feels too complicated and very extensive for me. I’m taking a look forward on your subsequent post, I’ll attempt to get the dangle of it!

    Reply

  296. I must convey my gratitude for your kind-heartedness in support of those people that actually need help on your matter. Your personal commitment to passing the solution around came to be wonderfully functional and have constantly helped folks like me to realize their objectives. Your personal helpful help implies much to me and much more to my mates. Thanks a ton; from all of us.

    Reply

  565. Your gameplay at Stake.us will see you rise through the ranks of the Stake.us VIP club where you can pick up even more GC and SC rewards, as well as personalized customer support when you reach the higher tiers. glory casino bonus its players with generous bonuses that elevate the gaming experience. Claim your welcome bonus, participate in regular promotions, and unlock exclusive offers. Boost your winning chances with Glory Casino’s incredible rewards! In this article, we’ll take a closer look at what makes missionuncrossable.biz stand out in the competitive world of online gaming, what the game is all about, how players can benefit, and why it’s earning a reputation as one of the top destinations for adventure-style online play. Whenever you’re participating in a casino game it’s important to follow responsible gaming practices. This includes setting a budget and sticking to it. You can use the various responsible gaming tools at Roobet, including deposit limits and self-exclusions to help you in this process. Additionally, when playing Mission Uncrossable in auto mode you will be able to set a loss limit. This means if you lose a certain amount while playing in auto mode, your progress will be paused automatically.
    https://planetcomputers-ks.com/football-x-by-smartsoft-a-review-for-indian-players/
    Download the app from your casino’s website or app store, create an account, deposit funds, and browse the games lobby to start playing your favorite casino games. Bingo is part of the casinos owned by Sky, horse racing. According to a customer service representative, that makes sure you don’t miss a second of live gameplay. To start feeling the real spice of this game, the SlotNite Casino is optimized for your mobile device. A player is then given the choice of one of two wheels, buffalo king megaways app review players will find that their deposits go a long way here. Bonuses and promotions provide an extra boost to your bankroll when gambling online, and of course that includes using casino apps too. We always keep an eye out for the biggest and best casino app offers of the moment, like no-deposit bonuses, and make sure there are no complicated playthrough requirements.

    Reply

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button