×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download App

Microfinance bank cedes stake to US firm

Central Bank of Kenya. [Jenipher Wachie, Standard]

US-based fintech company UMBA has acquired a majority stake in Daraja Microfinance Bank (Daraja MFB).

This follows approvals by the Central Bank on May 23 and by the National Treasury on June 10 this year.

Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in