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…...
Trending
- Tunisia: Budget shows a surplus of over 591 million euros as of March 31, 2025
- Uganda: Umeme electricity company records a net loss of $140 million in 2024
- Ivory Coast unveils its $100 billion ambition to investors in Osaka
- African Airlines among those banned by the EU
- Wafa Assurance Starts 2025 with Growth, Driven by Geographic Diversification and Solid Fundamentals
- Kenya, Rwanda, Uganda linked in gold smuggling from war torn DRC, Sudan
- Foreign companies dominate the most admired brands in Africa in 2025, a new report shows
- Kenya’s Treasury paid French contractors $48 million without Parliament approval
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.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com