Equity Group DRC Insurance Push: Two New Firms Await Congo Licences
Equity Group DRC insurance plans: shareholders backed a life and a general insurer with US$25.37 million in capital. Licences are still pending. The post Equity Group DRC Insurance Push: Two New Firms Await Congo Licences appeared first on The Rio Times .
Kenya's Equity Group intends to enter the insurance market in the Democratic Republic of Congo (DRC) with two new companies: a life insurer and a general insurer. Shareholders of the Kenyan lender approved these plans in June 2026, pending regulatory approval. The proposed insurers would have capital of US$12 million and US$13.37 million, respectively.
The third company, a microinsurance business in Kenya, would have KSh192 million in capital. Equity Group Holdings, one of East Africa's largest banking groups, aims to offer a more comprehensive range of financial services. The Kenyan unit of the group would be its first dedicated microinsurance business. Equity already sells insurance in Kenya and has been operating in DRC since 2015. The new insurers would enable Equity to provide more services to existing customers in Congo.
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