Central Bank of Kenya (CBK) Amendment Bill

2 Articles
Among other things, digital lenders have been accused of exploitative lending, debt shaming, money laundering and illegal mining of private customer data. [Photo/ Cathryn Virginia | NBC News]
ECONOMY

Digital Loans to Flow Once Again as CBK Backs Apps’ Return to CRBs

The suspension of digital lenders from CRB reporting had seen a massive decline in the volumes of loans they issued. According to the...

A mobile phone user on their device. Mobile loan apps in Kenya have been accused of numerous unethical practices.
BUSINESSECONOMY

End of an Era? Loan Apps in Kenya Face Closure Over New Bill

In one of the biggest changes proposed in the bill, meant to curb the high interest rates offered by the apps - CBK...