Business Daily | by Elizabeth Kivuva
US-based digital lender Branch International will pay Sh230 million for a majority stake in a local microfinance bank, amid proposed tough regulations for mobile lenders in Kenyan market.
The San Fransisco California-headquartered fintech with offices in Lagos, Mumbai, and Nairobi has received regulatory nod to acquire a 84.89 percent stake in Century Microfinance Bank. Competition Authority of Kenya (CAK) has already cleared Branch for the deal…
