Friday, May 27, 2022
  • About Us
  • ImagiNATION
  • Adverts
  • Rate Card
  • Contact Us
The Nation Online
Advertisement
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation
No Result
View All Result
No Result
View All Result
Home Business Business News

Mukuru acquires fintech Zoona’s assets in Malawi

by Nation Online
08/05/2020
in Business News, Editors Pick
2 min read
0
Share on FacebookShare on TwitterShare on WhatsAppShare on LinkedinLinkedinShare via Email

Mukuru, one of the largest international money operators and remittance companies in Africa, has announced that it has acquired Zoona’s operational assets in the country along with the technology systems that support its operations.

Mukuru did not reveal how much it paid to acquire Zoona’s Malawian technology systems or assets, according to ventureburn.com

According to the company’s LinkedIn profile, Mukuru’s headquarters are in Cape Town and it was founded in 2004. US based Emerging Capital Partners is one of the company’s key investors.

Zoona, which has worked with Mukuru for four years as a partner, is an Africa-based fintech that enables entrepreneurs to bring safe and reliable financial services to underserved communities in Malawi and elsewhere.

In a statement on Wednesday, Mukuru chief executive officer Andy Jury said the acquisition will extend Mukuru’s African footprint deep into the urban and rural areas across Malawi.

“This acquisition will bring the benefits of our extensive products and cutting-edge technology to the citizens of Malawi,” he said.

In addition, agents will benefit from being part of the Southern African Development Corporation (Sadc) regional network, increasing their earnings.

Previous Post

Chakwera-Chilima partnership to build bridges to unite Malawians

Next Post

Covid-19: All we need to protect everyone

Related Posts

MRA Msonkho House
Business News

Forex shortages could affect evenue collection—MRA

May 26, 2022
Editors Pick

Admarc suspends GM Chiphiko

May 26, 2022
Business News

Improved road networks aid farmers’ market access

May 26, 2022
Next Post
Kumpalume: We must not let politics divide us

Covid-19: All we need to protect everyone

Opinions and Columns

Business Unpacked

Tame egos, take risks to grow economy

May 26, 2022
People’s Tribunal

What was that press briefing all about?

May 22, 2022
Big Man Wamkulu

Wife, in-law plotting my downfall

May 22, 2022
My Thought

Tonse Alliance died on arrival

May 22, 2022

Trending Stories

  • A grief-stricken relative embraces a casket carrying Martse’s remains

    Gone but still in our midst

    0 shares
    Share 0 Tweet 0
  • Govt, IMF talk deal

    0 shares
    Share 0 Tweet 0
  • Cooking oil for relief

    0 shares
    Share 0 Tweet 0
  • Flames drawn against Zimbabwe

    0 shares
    Share 0 Tweet 0
  • Two close to AC Milan deal

    0 shares
    Share 0 Tweet 0

Malawi-Music.com Top10

  • Values
  • Our Philosophy
  • Editorial policy
  • Advertising Policy
  • Code of Conduct
  • Plagiarism disclaimer
  • Disclaimer
  • Privacy Policy
  • Terms of use

© 2022 Nation Publications Limited. All Rights Reserved.

No Result
View All Result
  • Home
  • News
  • Politics
  • Business
  • Entertainment
  • Life & Style
    • Every Woman
      • Soul
      • Family
    • Religion
    • Feature
  • Society
  • Columns
  • Sports
  • Chichewa
  • Enation

© 2020 Nation Publications Limited. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.