Tag: cbk
Digital Lenders to Cut Access to Loans to Customers with Multiple Online Credit Apps
The mobile lending space in Kenya has grown significantly. Every other month or week, a new mobile loan app finds its way into the...
CBK and Kenya Bankers Association Issue Tougher Regulations for New Currency Exchange Exercise
Over the course of the week, several inputs and insights have been explored regarding the release of new local currency that should come in...
Kenya Banking Charter Proposes Tough Regulations for Online Lenders
The growth of online mobile lenders is unique to Kenya for one primary reasons: mobile money services. Mobile loan apps have made a killing...
Kenya Government and CBK Launch SME Loan Product with Five Banks
Access to credit services, especially from established and traditional financial organizations has been a challenge for a lot of informal or growing businesses. It...
Fuliza, Safaricom’s M-Pesa Loan Facility Goes Live After CBK Approval
At the beginning of the month, Safaricom announced Fuliza, an overdraft facility on M-Pesa that would give M-Pesa customers access to an overdraw on their account...
CBK to Initiate Tougher Rules On a Mostly Unregulated Digital Lending Platform
A couple of days ago, I was having a chat with a friend about the number of online lenders that have come up after...
The CBK Distances itself from Any Losses Incurred by Virtual Currency Investors
The last couple of months has seen the rise, and depending on who you ask, a marginal drop of digital currencies. This development is...
The Central Bank of Kenya (CBK) Issues Draft Guidance On Cyber Risks
The Central Bank of Kenya (CBK) has released a draft titled ‘Guidance Note on Cyber Risk’. The draft is issued under Section 33(4) of...
Opinion: Why Kenya Should Embrace Virtual Currencies
It is rather regrettable, that the man we have at the helm of Kenya’s Central Bank, is of the opinion that Kenyans, and broadly...
Safaricom: Here’s Why We Sent SMS Broadcast from Deposit Protection Fund Board
Safaricom customers were the receivers of DPFB SMS's recently. The DPFB is an organization under the Central Bank of Kenya. Points clarifying the SMS...
