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CBK delays nod for 359 digital lenders

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CBK Governor Patrick Njoroge. [Beverlyne Musili, Standard]

About 359 major local and Silicon Valley-backed mobile lenders face being locked out of the lucrative mobile lending market.

This is after the Central Bank of Kenya (CBK) announced on Monday it had approved an additional 12 out of 381 firms that have applied for licences to provide digital loans.

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