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Central Bank of Kenya (CBK) has licensed a few mobile loan providers with some big names missing from the list. [Jonah Onyango, Standard]
Tala and Zenka are some of the big digital lenders missing out from a list of licensed mobile loan providers approved by the Central Bank of Kenya (CBK).
This is as the top financial regulator moved to tighten the noose on the previously unregulated digital lenders which have flooded the market with quick loans and predatory lending behaviours and debt shaming.
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