Reforms in business laws a game changer for borrowers, financiers

Branton Sammy Mutea, Deputy Country Manager at Mogo.

The recent amendments to Kenya's business laws marked a watershed moment for borrowers and asset financiers, offering clarity on the regulation of the sector that has long operated in legal limbo.

For years, asset financiers faced uncertainty due to gaps in the law, leaving them without a clear regulatory framework. This is despite their critical role in providing affordable financing to underserved communities, including boda boda operators and small-scale entrepreneurs.