This article translated what I wrote in japanese into English. Although it may be unclear by the expression of English, if you read this article you can grasp the image of ADK(Aidos Kuneen)
Overview of Sumac Microfinance Bank
|Bank name||Sumac Microfinance Bank|
|Phone number||+254 20 224 9047|
|Head office address||Consolidated Bank House, Second floor, Koinange Street.P.O Box 11687-00100 Nairobi Kenya|
|Business description||・ Savings and checking accounts|
・ Fixed deposit accounts
・ Forex and foreign currency exchange
・ Asset finance (asset procurement)
・ Introduction of insurance
Business of Sumac Bank
Sumac Bank headquarters and branches
THIKA branch opened on November 14, 2019.
SUMAC THIKA BRANCH NOW OPEN FOR BUSINESS!
Great people of Thika, welcome to Sumac's newest branch. We are now in your town! We have opened our doors this morning, and now we are ready for business! pic.twitter.com/JSu1wU4wiL
— Sumac Microfinance Bank Ltd (@SumacBank) November 4, 2019
Below is an article published on the website of Sumac Bank, where Dubai investment company Badoer Investments, owned by ADK founder Ricardo Badoer, acquired 15.6% of Sumac Bank shares for 1 million dollars.
Click here for Sumac’s blog post → New Director takes his place in Sumac Board
Sumac Bank article → Sumac becomes the official Sponsor of Wazito FC
Wazito FC article → WAZITO WELCOMES ADK AND SUMAC MICROFINANCE BANK AS A STRATEGIC PARTNER
— WAZITO FOOTBALL CLUB (@wazitofc) December 9, 2018
Click here for the article → Wazito FC President Ricardo Badoer enjoys match against Kangemi AllStars
Why the African Sumac Bank?
- Obtained a bank license from Kenya’s KCM (Central Bank)
- Kenya is a non-AEOI country
- Can approach poor people who cannot open bank accounts
Online banking news
Click here for Sumac’s blog post → Sumac Microfinance Bank to roll out digital banking
Future developments of ADK
ADK aims to establish an offshore bank by connecting two banks, the Kenya bank “Sumac Microfinance Bank” and the Tanzania bank “Hakika Microfinance Bank”.
In addition, Uganda banks are in the final stages of acquisition, and EU banks are currently applying for licenses.
Once an offshore bank is established, you can open an account online anywhere in the region. (Except for some areas such as Iran)
If that happens, it will finally be an inflow of offshore money.
One more thing! ADK is trying to make ETF the first among virtual currencies.
We aim to be listed on the NSE (Nairobi Stock Exchange).