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Banks, telcos, digital creditors scramble for struggling micro lenders' customers

Banks, telcos, digital creditors scramble for struggling micro lenders' customers
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Foreign investors snap up 5 local microfinance banks

Loss-making microfinance banks (MFBs) have given foreign investors who want to tap into Kenya’s lucrative financial sector a major window for entry. ....

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Maisha Microfinance sale of majority stake gets CAK nod

Loss-making Maisha Microfinance Bank is set to sell a majority stake to an investment firm. ....

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Fintech firms ramp up investments in Kenya's microfinance space

Kenya’s microfinance banks are the target of fintech firms from abroad seeking to sidestep stringent regulatory perimeters for digital lenders ....

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Big ask for new investors in ending microlenders' streak of losses

MFBs have endured over six years of losses and last year was no different even as several of them welcomed new investors to try and stem the poor performance. ....

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