Moniepoint Cleared to Acquire Kenyan Microfinance Bank
Moniepoint Inc. has received the green light from the Competition Authority of Kenya (CAK) to acquire a 78% stake in Sumac Microfinance Bank, marking a major step into East Africa’s fast-growing financial sector. Why it matters The move gives Moniepoint, one of Africa’s most aggressive fintechs, a backdoor entry into Kenya’s lucrative $67.3 billion mobile […] The post Moniepoint Cleared to Acquire Kenyan Microfinance Bank appeared first on Tech Labari.
Moniepoint Inc. has received the green light from the Competition Authority of Kenya (CAK) to acquire a 78% stake in Sumac Microfinance Bank, marking a major step into East Africa’s fast-growing financial sector. Why it matters The move gives Moniepoint, one of Africa’s most aggressive fintechs, a backdoor entry into Kenya’s lucrative $67.3 billion mobile […]
The post Moniepoint Cleared to Acquire Kenyan Microfinance Bank appeared first on Tech Labari.
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