Kenya clears Moniepoint’s acquisition of Sumac Microfinance Bank
The Competition Authority of Kenya has granted approval for Nigerian fintech firm Moniepoint to acquire a 78% stake in Sumac Microfinance Bank, marking a significant step in Moniepoint’s entry into Kenya’s tightly regulated banking sector. The deal, however, remains subject to final approval by the Central Bank of Kenya. If completed, it will give Moniepoint […]