Cellulant appoints Faith Nkatha as Kenya country manager

KENYA – Fintech company Cellulant has named Faith Nkatha Gitonga as its country manager for Kenya. She joins Cellulant from Oracle Corporation where she was spearheading their digital transformation efforts for the public sector. Nkatha joins Cellulant to lead its Kenya operations and scale its payments ecosystem in the country. The company has described her as “a highly accomplished leader with a proven track record of driving digital transformation.” “We are excited that Faith has agreed to join our leadership team and confident that she will lead Cellulant Kenya’s next…

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Kenya’s Cellulant sells 44.04% stake to US based investment firm

KENYA – Kenyan digital payments platform, Cellulant has sold 44.04% to the US-based social impact investment firm, The Rise Fund, according to Competition Authority of Kenya (CAK) filings. The deal which was concluded in May last year, was valued at US$47.89 million and values the company at US$107.77 million, making it one of Kenya’s largest medium-sized enterprises, a Business Daily report has revealed. The competition authority said it had approved the offer by The Rise Fund, a global investment fund and a subsidiary of TPG Growth, a US company that…

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