Branch Mobile Loan App Buys Kenyan Bank

Branch Mobile Loan App Buys Kenyan Bank
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Popular mobile loan app "Branch" has received regulator approval to buy majority shares in Century Microfinance Bank Limited. 
A gazette notice dated Friday, May 7 indicated that Branch International Limited had been authorised to take up 84.89% of the issued share capital in Century Microfinance Bank Limited.
"Pursuant to the provisions of section 46 (6) of the Competition Act, 2010, it is notified for general information that in exercise of the powers conferred upon the the Competition Act, the Competition Authority has authorised the proposed transaction as set out," reads an excerpt of the gazette notice.

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