On April 8, 2024, a significant meeting took place in Kinshasa between two major financial institutions in the Democratic Republic of Congo. Indeed, the company FPM SA, represented by its General Manager, Mr. Patrick NKONGO, formalized the signing of a financing contract with Bank EquityBCDC, under the direction of its General Manager, Mr. Celestin MUKEBA. This contract, worth an estimated USD 5,000,000, marks a crucial step in supporting and developing the local financial sector.
FPM SA, recognized by the Central Bank of Congo since 2015, has a substantial share capital of 23,432,100 USD, thus demonstrating its financial solidity and its ability to invest in large-scale projects. Its shareholders include renowned institutions such as KfW, BIO, Cordaid and Incofin cvso. These international partners give FPM SA additional legitimacy and a global dimension in its economic and social development actions in the DRC.
As for EquityBCDC, this institution has financed Micro, Small, Medium and Large Enterprises since 1909, thus underlining its historical anchoring in the economic fabric of the country. Since its acquisition by Equity Group Holdings Plc in 2020, EquityBCDC has strengthened its positioning as a pillar of the Congolese financial sector, offering innovative financial products and services that promote financial inclusion and access to credit for all.
The signing of this financing contract between FPM SA and EquityBCDC is part of a collaborative approach aimed at stimulating economic growth, consolidating existing banking activities and promoting financial inclusion in the DRC. By supporting Micro, Small and Medium Enterprises, these institutions effectively contribute to the development of the middle class and the fight against poverty, major challenges for the country.
Beyond the financial transaction itself, this partnership between FPM SA and EquityBCDC embodies the common desire to create positive synergies and implement innovative initiatives to serve the economic and social progress of the DRC. By promoting access to financing and facilitating borrowing conditions, these two major players in the local financial sector are committed to supporting the emergence of a more inclusive, dynamic and resilient economy.
In conclusion, the signing of this contract between FPM SA and EquityBCDC represents a further step towards the construction of a financial environment favorable to growth and sustainable development in the Democratic Republic of Congo. This partnership illustrates the importance of cooperation between financial institutions to address the country’s economic and social challenges, and opens the way to new opportunities for investment and progress for the entire Congolese population.