Fintech Branch International acquires Kenya’s lender Century Microfinance Bank

KENYA – Fintech Branch International, has acquired microfinance lender Century Microfinance Bank in a move that gives the financial technology firm a stronger presence in Kenya’s financial sector. According to regulatory filings published by the Competition Authority of Kenya (CAK), Branch has acquired 84.89 per cent of the issued share capital in the microfinance bank. The deal has been approved by the market regulator. “The Competition Authority has authorised the proposed transaction as set out herein on condition that the acquirer and the target will each maintain the terms agreed…

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Branch International appoints Dayo Ademola as its Managing Director in Nigeria

NIGERIA – Branch International, a fintech company, has announced the appointment of Dayo Ademola as its Managing Director in Nigeria effective immediately. According to a statement by the company, Ademola brings with her over 15 years’ experience at global, consumer-centric companies such as MainOne and Rosetta Stone (USA) as well as with foremost local brands like Union Bank, amongst others. With her experience in financial services and technology, she had established operational excellence in innovation, business strategy, customer segmentation, strategic marketing, product positioning, product development and business performance management. “I’m…

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