A Mauritius-based private investment firm has been given the nod to fully acquire troubled microfinance Real People, even as bondholders of the microlender took a massive haircut on their Sh1.3 billion capital.
The Competition Authority of Kenya (CAK) gave Chike Africa the greenlight to buy all the shares of Real People, a move that saw the target firm’s South African parent company Real People International Holdings exit from the credit-only microfinance.
