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Car & General increases its stake to 29pc in microlender

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Car and General Managing Director David Chesoni. FILE PHOTO | NMG

By  Victor Juma

Business Editor

Nation Media Group

Car &General #ticker:C&G (C&G) has invested an additional Sh38.6 million in microlender Watu Credit Limited, raising its stake in the company to 29 percent in the year ended September.

The Nairobi Securities Exchange-listed firm previously held a 26.5 percent interest in the lender.

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