Raisin Capital, a leading African capital-raising advisory firm, has successfully facilitated the closure of a new share purchase agreement between SMEP Microfinance Bank and HOPE International, a global investor in microfinance.
The transaction grants HOPE International a 51% controlling stake in SMEP.
This achievement underscores Raisin’s commitment to supporting African economic growth by helping African businesses access capital.
According to Symon Kamore, the CEO of SMEP Microfinance Bank, “With HOPE International’s experience in the microfinance sector, we are strengthening SMEP’s current position as a competitive and growing institution. Furthermore, because of HOPE’s Christ-centered values, this investment allows us to deliver well on our core mission to help Kenyan families address material and spiritual poverty.”
As a global investor in microfinance, HOPE International anchors Kenya as a prime destination for capital-seeking impact and growth.
Mr. Francis Nasyomba, CFA, the lead transaction advisor, said, “The successful conclusion of this equity-based transaction marks a significant milestone not only for SMEP Microfinance Bank but also for Raisin Capital.”
CAK Approves Hope Advancement’s 51pct Acquisition of Smep Microfinance Bank
