2024-02-11 09:31:42
The DRC attracts the largest African and global financial institutions Access Bankthe Nigerian banking giant, has just signed a strategic offer for the investment fund RD Congo Investment Fund SAsubsidiary of the Emirati Grand Impex Trading LTD. Objective: mobilize banking services linked to the colossal financial capacities authorized by the Central Bank of CONGO to support the country’s development projects and beyond
Expertise internationale
With its 28,000 employees spread across three continents, its 600 branches and its 31 million customers, Access Bank has established itself as the dream partner for the economic ambitions of the largest country in Central Africa. Its leading position in Nigeria and West Africa makes it a major player in driving investments in the DRC. RD CONGO INVESTMENT FUND SA is a member of a consortium of 5,300 companies; which operate in various sectors of activity, with more than 70% being listed on the stock exchange.
Political support
This offer also stems from and benefits from strong political support. The Governor of the Congolese Central Bank offered Access Bank an exceptional drawing right of 8 billion US dollars per year over 21 years at the request of RDCIF SA for technical support of the investment program carried by RD Congo Investment Fund in the country.
1.7 billion dollars raised
According to the offer, Access Bank shareholders have just injected more than $1.7 billion to support its African ambitions and its intervention capabilities across the continent.
For its part, RD Congo Investment Fund SA subsidiary of GIT SA with a share capital of no less than 400 million dollars.
Economic opportunities
This financial partnership of choice between a pan-African banking giant and an investment fund dedicated to the DRC opens up promising economic prospects. It will make it possible to realize structuring projects in infrastructure, the exploitation of natural resources and even agriculture to unlock the country’s fabulous growth potential.
Regional impact
Beyond the DRC, this exceptional offer sends a strong signal to all foreign investors interested in the formidable business opportunities in Central Africa. By facilitating access to capital, Access Bank and RD Congo Investment Fund can become key players in accelerating regional economic development.