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Congo’s Sofibanque weighs equity partners as it eyes regional growth

Congo’s Sofibanque weighs equity partners as it eyes regional growth

DEMOCRATIC Republic of Congo's fourth-largest lender, Sofibanque SA, is considering bringing in strategic equity partners including other banks as it looks to expand in new markets in the sub-region, its managing director said. The family-held Sofibanque, which has grown its asset base to about $1.2 billion over the past decade, could consider selling an equity stake to help finance its plans to expand into markets including Guinea, and the neighbouring Republic of Congo and Zambia, Henry Wazne, told Reuters. Sofibanque could consider a strategic investor or partner with other banks that have a similar growth ambition and vision, Wazne said.…
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