M-Shwari, which is owned by lender NCBA and telco Safaricom is set to become a standalone company in the coming days.
This development was revealed Tuesday and was first mentioned by publisher the Business Daily.
According to people who are privy to the matter, NCBA is already in the process of creating a new company that will handle all matters related to M-Shwari.
The product, which offers loans and savings services to customers, will be led by a CEO and managed by a new board.
