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Nairobi \u2014 Moniepoint Inc., a private limited liability company incorporated in the United States of America, has been approved to acquire Sumac Microfinance Bank Limited for an undisclosed amount.<\/em><\/p>\n As part of the deal, the U.S. firm will acquire a 78 percent shareholding of the microfinance company.<\/p>\n Sumac Microfinance Bank Limited, which began its operation in 2002, is involved in monetary intermediation, financial leasing, and insurance agency, among other activities.<\/p>\n On the other hand, the…<\/p>\n<\/div>\n Read more on AllAfrica.com<\/a> Nairobi \u2014 Moniepoint Inc., a private limited liability company incorporated in the United States of America, has been approved to acquire Sumac Microfinance Bank Limited for an undisclosed amount. As part of the deal, the U.S. firm will acquire a 78 percent shareholding of the microfinance company. Sumac Microfinance Bank Limited, which began its operation […]<\/p>\n","protected":false},"author":9,"featured_media":199539,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","fifu_image_alt":"","footnotes":""},"categories":[250],"tags":[9984,258,256,7089,7559,4688,430,6097,10887,257,254,51543],"class_list":["post-199538","post","type-post","status-publish","format-standard","has-post-thumbnail","category-kenya","tag-acquires","tag-africa","tag-africa-news","tag-bank","tag-firm","tag-kenya","tag-kenya-news","tag-kenyas","tag-microfinance","tag-news","tag-south-africa-today","tag-sumac"],"fifu_image_url":"https:\/\/cdn.allafrica.com\/static\/images\/structure\/aa-logo-rgba-no-text-square.png","_links":{"self":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/199538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/comments?post=199538"}],"version-history":[{"count":0,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/posts\/199538\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media\/199539"}],"wp:attachment":[{"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/media?parent=199538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/categories?post=199538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/southafricatoday.net\/africa-news\/wp-json\/wp\/v2\/tags?post=199538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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South Africa Today Africa \u2013 East Africa Kenya<\/a> News<\/p>\n","protected":false},"excerpt":{"rendered":"