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CBK walks tight rope on mobile transaction fees waiver

CBK Governor Patrick Njoroge.

Kenya’s financial sector regulator, the Central Bank of Kenya, (CBK) is under the spotlight as the industry eagerly awaits a decision on whether mobile transactions will remain exempted from charges next year.

The regulator is caught between a rock and a hard place, as it weighs the decision to scrap the waiver at the behest of lobbying from the financial sector or maintain the same in its mandate of broadening financial inclusion. 

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