Equity Bank (Kenya) Limited is in the process of acquiring Banqué Commerciale du Congo S.A. The new acquisition, expected to be completed in 3 months time, will merge the new business with its existing subsidiary in Democratic Republic of Congo (DRC). Equity is also looking to enter new markets with such acquisitions. The bank is also looking to enter Ethiopia. In a statement, Equity Bank said, "The proposed transaction is an opportunity for Equity Group Holdings (EGH) to deliver the vision of building sub-Saharan Africa’s premier financial institution through delivering innovative products and services to customers, including, in particular, the effective use of technology."