Tag: Digital Lenders

Digital credit providers (DCPs) in Kenya are under increased regulatory scrutiny following sweeping amendments to the Central Bank of Kenya ...

The Central Bank of Kenya (CBK) has granted operating licenses to 7 new Digital Credit Providers (DCPs). This latest batch ...

The Central Bank of Kenya (CBK) recently licensed an additional 19 Digital Credit Providers (DCPs), bringing the total of licensed ...

Digital Loans are popular in Kenya and this has led to increase in lending companies. On March 21, 2022, Central ...

Digital lending in Kenya has grown over the years. Digital lenders offer loans to Kenyans primarily via mobile apps and ...

The Office of the Data Protection Commissioner (ODPC) has issued two penalty notices against WhitePath Company Limited which offers online ...

Loan apps are a big thing in Kenya, and for good reason: they offer effortless credit to cash-strapped customers with ...

Digital loan apps have been undergoing a lot of scrutiny from regulators such as the Central Bank of Kenya ever ...

Online lender Umba, which refers to itself as a digital bank built for Africa, has revealed plans to expand its ...

We have since discussed the state of digital lenders in Kenya, and how the CBK, among other regulators, have been ...

Digital lenders have been in business for an extended period, but their operations have since been halted by the Central ...

At the start of the new Kenyan administration, President Ruto announced that he would see that people who have been ...

Two things have happened today: the CBK has announced that only 10 digital lenders have been licensed to run their ...

Back in 2021, CBK Amendment Bill, 2021 was signed into law by the former President of Kenya Uhuru Kenyatta. This meant ...

As we had reported before, the CBK Amendment Bill, 2021 has since been signed into law by the President of ...

President Kenyatta has signed into law the Central Bank Amendment Bill, 2021. The development means that the CBK has the ...

Digital lenders have offered their services to Kenyans for a long time without any kind of regulation from the CBK ...

The whip is cracking, and it is doing so loudly across the African continent on rogue digital lenders, out of ...

Digital lenders will have to operate under the same laws that bind the business of commercial banks, once all the ...

Yesterday, Citizen TV aired a news item about online loan apps or digitized loan sharks that have made the life ...

We are hoping that soon, predatory digital lending apps will be a thing of the past if the proposed CBK ...

Today, the Central Bank of Kenya has announced that they have terminated access to the credit reference bureaus (CRBs) to ...

A couple of days ago, I was having a chat with a friend about the number of online lenders that ...

The success of mobile lending apps is, admittedly, attributed to the foundation laid by M-PESA services. It is, perhaps, the ...