On August 29, Mr. Isaac Macharia, Chairman of Equity Group, leading a delegation of eight, visited JCHX headquarters, warmly welcomed by Mr. Wang Qinghai, Chairman of JCHX Mining, Dr. Peng Huisheng, President of JCHX Group, Mr. Yin Shizhou, VP and CFO of JCHX Group, and Mr. Meng Zhuhong, CFO of JCHX Mining. During when an in-depth discussion was held to further strengthen future cooperation.
The Equity Group operates businesses in funds, insurance, banking and technical services, among which the Equity BCDC possesses more than $14 billion in assets and one of the largest customer bases in Africa. The Banker Top 1000 World Banks 2020 index ranked Equity BCDC 754th in the world. Equity BCDC, formerly BCDC Commercial Bank of the DRC, was founded in 1909 and boasts a history of more than 100 years. Equity Group completed the acquisition of BCDC Bank in July 2020, with Equity Group holding 70% shares and the DRC government holding 15% shares. It is now the second largest bank in the DRC.
Before the meeting, Mr. Isaac Macharia and his delegation visited JCHX gallery to learn more about JCHX's main business, strategic planning, typical projects and honors awarded, etc., and experienced the UG working environment and operation mode through the simulated shaft and VR devices. A discussion was then followed.
Chairman Wang extended a warm welcome to Mr. Isaac Macharia and his delegation, and introduced JCHX’s business in the DRC in respect pf contract mining and resources investment in recent years, as well as new demands for local financial support due to the rapid business development.
Mr. Isaac Macharia introduced in detail the development history of Equity Group and the operation of Equity BCDC in the DRC and its layout in other African countries, and reviewed the pragmatic and pleasant cooperation between the bank and JCHX in recent years. While thanking JCHX for its full trust in Equity BCDC, he also looked forward to the new prospects of cooperation between the two sides in the future.
