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Business Daily Africa – LOLC Holdings Plc, Sri Lanka’s second-largest publicly traded company by revenue, has received regulatory approval to acquire a 73.2 percent stake in Key Microfinance Bank Plc. The lender, which formerly traded as Remu, is selling shares to the multinational at a cost of Sh237 million. Finance cabinet Secretary Ukur Yatani last...
Five out of the 14 microfinance banks licensed by the Central Bank of Kenya are being acquired by foreign firms.
Five out of the 14 microfinance banks licensed by the Central Bank of Kenya are being acquired by foreign firms.
The deal involves the creation of 31.486 million new class of shares priced at Sh7.54 each.
The deal involves the creation of 31.486 million new class of shares priced at Sh7.54 each.