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Treasury goes after digital lenders with licence plan

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The Standard | by Awal Mohammed and Macharia Kamau


The government has set its eyes on digital lenders as it seeks to protect Kenyans from rogue creditors but also tax the profits that the apps have been making through exorbitant interest rates.

National Treasury Cabinet Secretary Ukur Yatani said in the Budget Statement on Thursday that the government intends to rope the digital lenders into the tax net…

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