Moniepoint gets approval to acquire 78% stake in Kenya’s Sumac after KopoKopo setback
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.
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Moniepoint gets approval to acquire 78% stake in Kenya’s Sumac after KopoKopo setback
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.
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