The Competition Authority of Kenya (CAK) has cleared Nigerian fintech Moniepoint to acquire a 78% stake in Sumac Microfinance Bank, paving the way for its entry into the country’s tightly regulated banking sector. The deal comes barely five months after Moniepoint’s earlier attempt to buy payments firm KopoKopo fell through. The deal, which is still
The post Moniepoint gets approval to acquire 78% stake in Kenya’s Sumac after KopoKopo setback first appeared on Content Krush.
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