(Ecofin Agency) - Kenyan online taxi rental firm, Little, sold KSh300 million ($2.9 million) worth of shares to an undisclosed Indian financial technology company. The country’s media reported.

CEO Kamal Budhabatti said the resource will enable the firm to upgrade business system and keep pace with technological change.

This sale operation comes not long after Little (partner of telecoms operator Safaricom) started operating in Uganda. Furthermore, the company announced it would deploy activity in Rwanda next June.

Chamberline Moko