Equity Holding Showcases Congo’s Mining Potential in Kenya-DRC Roadshow
As part of the Kenya-DRC Roadshow, the Equity Holding Group organized an investment promotion mission for the Democratic Republic of Congo, mobilizing all investors from several corners of the planet: United States, Dubai, United Kingdom and others.
During a business lunch, the mining potential of the DRC was presented, this Wednesday, July 19, 2023, at the Hôtel du Fleuve in Kinshasa.
According to the CEO of EquityBCDC, Célestin Mukeba, two mining giants have presented their success stories to encourage and encourage other investors to follow in their footsteps.
“Generally, the DRC is known in a dark note internationally. It was a question of coming to break this barrier of information.
Today there was a panel with the miners, with the Managing Director of Kibali Gold Mine and the Chairman of the Board of KCC and Glencore.
They also returned to their impact on the economy. They saw the long-term opportunities that there were and they did not hesitate to invest. “Said Célestin Mukeba at the end of this business lunch.
Kibali Gold Mine was represented by Barrick’s DRC Country Director, Cyril Mutombo. The latter explained how his company transferred knowledge and skills.
To make up for the energy deficit, Kibali has built three hydroelectric power stations with Congolese labour. What constitutes a model.
As for Glencore, Madqme Chantal Kaninda explained the contribution of this mining company to the economy of the DRC.
These two companies mentioned their investments equivalent to more than ten billion dollars.
In response, the Equity Holding Group and CEO Dr. James Mwangi presented this banking institution as a means to catalyze development efforts for the country.
“The Equity Holding Group is available to finance activities locally, via EquityBCDC, up to 100 million US dollars for each player who wants to get started. But also with the intervention of the group, this funding can reach half a billion US dollars. “, he underlined.
During this panel, the Representative of the Minister of Industry spoke of various opportunities in this sector estimated at around 58 billion. These are the construction of airports, roads and other sectors of the economy.
To be able to connect the DRC from East to West, the need amounts to 21 billion just for the roads; 9 billion USD for railways and for airports, 3 billion USD.
It should also be noted that several advantages are granted to investors for the Special Economic Zones, among others the facility for the granting of visas.
This roadshow began, on Monday July 17, 2023 in Nairobi, Kenya. The tour continued in Kinshasa in the DRC and will end today July 21 in Lubumbashi, capital of the province of Haut-Katanga.
