Umba Buys Major Shares in Kenyan Microfinance Bank, Daraja
For an undisclosed sum, Umba– a US-based digital bank with a focus on emerging countries– purchased the majority of shares in Daraja, a Kenyan deposit-taking microfinance bank. The acquisition of Umba’s 66.6 percent stake, according to the Central Bank of Kenya (CBK), is anticipated to hasten Daraja’s digitization. This comes after Umba reported in April […]
Twitter and Elon Musk Trial to Begin on October
As confirmed by a Delaware judge, Twitter’s attempt to convince Elon Musk to complete the purchase of the social network will formally begin on October 17. The continuing dispute between Twitter and Tesla’s owner will hopefully be concluded in the Delaware Court of Chancery from October 17–20, as Bloomberg reported earlier today. Since Twitter accepted […]
