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Digital lenders to come under CBK regulations in six months

NEWS

Legal amendment expected to streamline operations of credit providers who have been blamed for high-interest rates.

Digital lenders to come under CBK regulations in six months

By Patrick Alushula | 17 hours ago

President Uhuru signs three Parliamentary bills into law

President Uhuru signs three Parliamentary bills into law

The amended Central Bank Act, 2021, gives the Central Bank of Kenya powers to license digital lenders in the country

PSCU | 1 day ago

Struggling microfinance bank gets new majority shareholder

A British firm has acquired a majority stake in diaspora-backed Choice Microfinance Bank that has been in losses since 2015.

Patrick Alushula | 1 day ago

Over 21,000 SMEs benefitted from Stanbic Bank

The lender also provided unsecured short-term financing for trade to SME’s backed by Sh1 billion in secured guarantees.

Graham Kajilwa | 1 day ago

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