Branch ditches banking halls after transition to micro-bank
Branch Microfinance will operate as a branchless lender.
Source: businessdailyafrica.com
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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.
Source: businessdailyafrica.com
Lender banks on mobile app to spur saving culture
Anytime you have disposable income, instead of keeping it in your pocket where it does not earn you anything, you can save it in an investment vehicle.
Source: businessdailyafrica.com
Moroccan firm buys 51pc stake in Monarch Insurance
Moroccan firm buys 51pc stake in Monarch Insurance Summary Moroccan conglomerate Holmarcom Group, through its holding company, Holmarcom Insurance Activities, has acquired a majority stake in Kenya’s Monarch Insurance. The firms said Monday the agreement which is subject to certain closing conditions, including regulatory approvals in Kenya is expected to see Holmarcom Insurance Activities become the majority shareholder of the company with a stake of 51 percent. Tuesday May 25 2021 Monarch Insurance Company board chairman Mr Richard Omwela (left) and chief executive Stephen Okundi. FILE PH...
Source: businessdailyafrica.com