Browsing: CRDB Bank DRC

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Economic trailblazer: Tshisekedi ‘Man of the Year’ for transforming DRC

Industry and Trade
  • DRC President Tshisekedi pledges peaceful elections on 20 December 2023.
  • DRC is enjoying five years of steady economic development under President Felix Tshisekedi 
  • The country is well underway to becoming Africa's top investment destination.

Since the Democratic Republic of Congo (DRC) President Felix Tshisekedi came into power in 2018, he has spearheaded the revamping of the mineral-rich country’s economy.

The numbers tell it all. The DRC GDP in 2018 was $47.57 billion before rising to $51.78 billion in 2019. As of last year, it clocked an impressive $58.07 billion. Had it not been for the economic rout brought by Covid-19, the DRC’s GDP would have been considerably higher.

Today, the DRC is well on its way to attaining its rightful status as a key investment destination in Africa. How did DRC President Tshisekedi manage to drive this economic revolution?

DRC role in regional integration

In a move that has culminated…

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DRC-UAE mining deal

DRC enters new mining pact with UAE

Industry and Trade

DRC President Félix Tshisekedi has announced the signing of a mining deal with the United Arab Emirates (UAE). Many other companies have shied away from the troubled Eastern region. However, the UAE company Primera Group has signed a share deal for export rights of minerals mined in the region.…

CRDB Bank

CRDB Bank evolving into a partner for East Africa’s entrepreneurs

Industry and Trade
  • Tanzania-based CRDB bank has recognized the potential for growth opportunities in regional economies.
  • CRDB Bank has established a presence in Burundi, Rwanda, Uganda, and DRC, following in the footsteps of Kenya’s Equity and KCB.
  • CRDB Bank’s regional expansion aims to facilitate cross-border trade and enhance financial inclusion.

CRDB Bank is evolving into a partner for growth for East Africa’s entrepreneurs by seeking to replicate its success story in Tanzania across the regional markets. The bank has recognized the potential for growth and opportunities in neighboring countries and is strategically expanding its operations in East Africa.

In Tanzania, entrepreneurs are tapping into the lender’s range of products to scale into new growth horizons. Take Diana Tarimo for instance. When Diana received about $21,000 in business loans from CRDB, this became the catalyst she needed to expand her water distribution investments in suburban Dar es Salaam.

Diana is one of over 10,000 …