DRC is new hunting ground for Kenyan corporates seeking acquisitions, mergers
A view of the main highway in the City center of DR Congo Capital City of Kinshasa also known as Boulevard du 30 Juin. Kinshasa is the thirrd African most populated city after Cairo in Egypt and Lagos in Nigeria. FILE PHOTO | NMG
A growing list of Kenyan firms are looking for investment opportunities in the Democratic Republic of Congo (DRC) as the mineral-rich economy proves to be a fertile hunting ground for top firms, with analysts predicting several mergers and acquisitions following a new requirement for lenders to increase their capital to a minimum of $50 million by the end of 2020.
Barely a fortnight ago Kenya’s Mayfair Insurance Company received a permit to enter the Central African nation becoming the latest Kenyan financier to seek a piece of the mineral-rich country.
