Business Daily | by Brian Ngugi
Mobile phone lenders have six months to register with the Central Bank of Kenya (CBK) under new rules that bar the firms from sharing borrowers’ information with third parties and require them to seek CBK approval for interest on their loans.
This is after CBK on Monday gazetted the Digital Credit Providers regulations, 2022 that will require all digital lenders to apply for licences from the banking regulator before September…
