Mwangi Says Equity Group Sees Positive DRC Contribution From Second Hal

According to the company CEO James Mwangi, the Equity Group expects its BCDC operation in the Democratic Republic of Congo (DRC) to make a “significant” contribution to group profitability from the second half of this year.

One-off costs for the business have so far prevented such a contribution, Mwangi said following the release of Equity Group’s first-quarter results. In 2022, Mwangi expects that Equity BCDC will start making a profit contribution proportionate to the 27% share of Equity Group’s balance sheet for which it accounts, as synergies and economies of scale come into effect.