Thursday, May 13, 2021

President Uhuru praises Equity Bank’s growing presence

President Uhuru Kenyatta has on Wednesday praised Equity Bank for its growing presence saying they are uniting Africa and expanding economic freedom.

“President Uhuru Kenyatta has commended Kenya’s Equity Bank for its growing continental presence saying the financial institution’s expansion is helping unite Africa and expand her economic freedom.” Said State House

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“It is a moment of rare regional and continental pride, as we witness our local enterprises coming together in the spirit of One Africa, One People,” Said President Kenyatta.

The Head of State was speaking during the official inauguration of the rebranded Equity BCDC located in the capital of Kinshasa.

Equity Bank entered the Congolese market back in 2015 by acquiring Procredit bank and becoming the second largest bank in the countries with a total of 74 branches in the country.

They merged with Banque Commerciale du Congo (BCDC) leading a balance sheet of 3 billion dollars with customers totaling to one million in number.

President Uhuru Kenyatta affirmed his commitment in ensuring that the country moves forward economically by joining forces with other African countries.

“”No country has ever achieved prosperity by isolating itself from international trade and integration. Bilateral and multilateral economic partnerships produce tremendous mutual benefits, including more quality jobs, higher incomes, innovation, and expansion of markets,”┬áSaid President Uhuru.

On his part, Equity bank CEO James Mwangi thanked the Head of State for championing regional integration and the Free Trade network that will open up opportunities for the private sector.

“We thank you most sincerely Mr. President for championing regional integration and the African Free Trade Area framework, enabling the private sector to grow regional ambitions,”┬áSaid Mwangi

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