Nigerian based Moniepoint Inc is planning to buy a 78 percent stake in Kenya’s Sumac Microfinance as it expands its offering in the country. This adds to the trend of recent acquisitions in Kenya’s micro lending space. The Competition Authority of Kenya (CAK) said the transaction is set to proceed to the Central Bank of...
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Moniepoint to acquire 78% stake in Kenya’s Sumac Microfinance after regulatory greenlight
Muthoga Mungania
Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.
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