Nairobi, Aug. 15 -- Old Mutual has injected an additional Sh1.2 billion into its subsidiary Faulu Microfinance Bank as the lender steps up investments in technology, including its core banking system, to defend its market leadership.

The fresh capital comes as Faulu prepares to roll out an upgraded core banking system next week, aimed at improving service delivery and creating a stronger platform for future digital innovations.

The latest capital injection signals Old Mutual's continued commitment to Faulu's expansion ambition, with the shareholder seeking to strengthen the bank's ability to compete in Kenya's increasingly digital financial services market.

The micro-lender closed December last year with Sh1.33 billion core capital aga...