Nigeria-founded fintech Moniepoint Inc. has completed the purchase of a 78% stake in Sumac Microfinance Bank Kenya Limited, entering Kenya in a deal that underscores rising cross-border expansion by African digital lenders. The acquisition, which closed on Feb. 27 after approvals from the Central Bank of Kenya and the Competition...

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Funding

WomHub Opens Applications for Female-Led Green Tech Accelerator

WFP,Citibank and MTN partner to assist refugees in Zambia ...

Gozem, Africa’s Super App, raises $5 million Series A...

Aboki Africa announces pre-seed funding to help expand its team and...

Stanbic Bank Kenya offers MSMEs Ksh 33m To Boost Their...

Nigeria’s e-commerce startup Chooya raises $950,000 for product development and marketing

The Leila Janah Foundation has announced applications for its 2021 Winter Edition of the Give Work Challenge...

Nigerian Agritech EZFarming wins part of the USAID $4 million grant...

Agricorp International raises $17.5million to become the largest spices export startup...

Kenya’s e-commerce Platform Sky.Garden Secures $4m Series A Investment

Mastercard Foundation Gives $1.3 billion to boost Africa’s coronavirus response

Featured

Moniepoint Completes Acquisition of 78% of Kenya’s Sumac in East Africa...

National Bank of Kenya Profit Rises Sharply in First Year Under...

Kenya’s Lewa Safari Marathon Targets KSh15 Million for Conservation

Why the Blackcat Site Is Gaining Attention in Digital Finance

Moniepoint Completes Acquisition of 78% of Kenya’s Sumac in East Africa...

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