The Central Bank of Kenya (CBK) has announced the licensing of 27 additional 27 Digital Credit Providers (DCPs), popularly known as digital lenders or mobile loan apps. This brings the number of licensed DCPs to [c]
Only 10 digital lenders or Digital Credit Providers (DCPs) have so far met the licensing regulations issued by the financial services industry regulator, the Central Bank of Kenya (CBK). The news follows the CBK’s announcement [c]
By Tejpal Bedi In 2021, President Kenyatta approved an amendment that gives the Central Bank of Kenya powers to license and oversee previously unregulated digital money lenders. Citing technology advances and ongoing innovation in the [c]
Kenya’s financial services industry regulator, Central Bank of Kenya (CBK) has published new Credit Reference Bureau (CRB) regulations and additional measures on credit information sharing (CIS) which bars digital (mobile phone-based) lenders from listing their [c]
Digital Lenders Association of Kenya (DLAK) has announced the first-ever MoneyMarch: a month-long event dedicated to bringing providers and consumers together in a conversation around financial health and wellness. MoneyMarch is sponsored by DLAK, in [c]
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