Nigerian-born fintech Moniepoint Inc. has received clearance from the Competition Authority of Kenya (CAK) to acquire a 78% stake in Sumac Microfinance Bank, marking a significant move into East Africa’s highly regulated financial services space. The acquisition, however, remains subject to final approval by the Central Bank of Kenya (CBK). This development comes just months … Continue reading Moniepoint acquires 78% of Sumac Microfinance bank in Kenya