04
Jul
Faulu Microfinance Bank today announced a business refocus that will see it grow its digital banking offering and realign its distribution channels and human capital to drive sustainable growth. This is part of a strategy by the Bank to turn around its performance by becoming a leading traders bank and digital finance provider. At the same time, the Bank disclosed that it has received over Ksh 900 million from its parent company, Old Mutual, to strengthen its operations and reposition its business model for long-term growth. Faulu Microfinance Bank CEO, Julius Ouma, stated “over the last 18 months, we have…