Digital lenders cut credit to Kenyans after CBK directive

One way of avoiding being ensnared in debt is avoiding taking loans for consumption and only borrowing when it is extremely necessary.

Report by industry regulator shows Sh195 billion drop between March and June.

Legal practitioners should focus on assisting digital lenders by offering business solutions relating to developments in laws affecting the sector.

Credit providers will now require written consent from borrowers to have their information shared with other lenders.

Legal practitioners should focus on assisting digital lenders by offering business solutions relating to developments in laws affecting the sector.

Credit providers will now require written consent from borrowers to have their information shared with other lenders.

Industry profitability grew by 60 per cent in the first half of this year, according to CBK data.

Majority of the business owners are increasingly relying on digital marketing to reach new clients and navigate a difficult operating environment.

Chepalungu Sub-County police commander Nelson Maasai said the body of the deceased was taken to Longisa Hospital Mortuary.

Treasury eyes exorbitant interest rates charged by firms as number of borrowers grows.

The Central Bank of Kenya (Amendment) Bill of 2020 bars digital lenders from operating without licences in a bid to streamline the industry

The firms, under the aegis of the Digital Lenders Kenya Association, have in the past expressed their willingness to be regulated.