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Struggling microfinance bank gets new majority shareholder

By Patrick Alushula | 4yrs ago

Amb.Ukur Yatani Cabinet Secretary The National Treasury and Ministry Of Planning. [Wilberforce Okwiri, Standard]

A British firm has acquired a majority stake in diaspora-backed Choice Microfinance Bank that has been in losses since 2015.

The National Treasury has cleared Wakanda Network Ltd—a private limited company that was incorporated in London in February last year— to take up the stake.

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Related Topics

Choice Microfinance Bank National Treasury Ukur Yatani. SMEP

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