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
- Cameroon: Behind the Maintenance of B-/B, S&P Places Presidential Succession Under High Surveillance
- Cameroon: Behind the Maintenance of B-/B, S&P Places Presidential Succession Under High Surveillance
- Invictus Capital dominates the State of Senegal’s APEs: 5 out of 7 mandates since 2024
- Economic Francophonie: Ngueto Tiraïna Yambaye distinguished by the 2026 Business Francophone Forum Award
- Ibrahim Dohia Traoré appointed CEO of BCI in Congo-Brazzaville
- Trump, the Fed, Interest Rates and Us: Why the Central Bank Must Be Independent
- G-NEXID’s 21st Annual General Assembly calls for stronger cooperation to accelerate sustainable development and trade financing
- BGFI Holding on the BVMAC: How to Invest in the Second Phase and What Potential Does the Stock Have by 2030?
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