The Competition Authority of Kenya (CAK) has approved Credinvest International Corporate Finance Limited’s proposed acquisition of 100 per cent shareholding in Rafiki Microfinance Bank Limited.
The approval was announced in a Gazette notice issued under Section 46(6) of the Competition Act.
In a separate notice dated September 21, 2026, the authority also approved Jayesh Umesh Saini’s proposed acquisition of sole control of Africa Business Corporation Limited.
The notices were signed by CAK Director-General David Kemei but did not disclose the financial value of either transaction.
The approvals allow the proposed acquisitions to proceed subject to any applicable regulatory requirements and conditions.
