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Fintech loans leave trail of regret and shame on Kenyans

Kenyans are giving tales of pain including the sale of personal assets to get creditors off their backs. ....

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CBK Governor lauds Ruto's move to slash government expenditure

NAIROBI, Kenya, Oct 1 – The Central Bank of Kenya (CBK) Governor Patrick Njoroge has lauded President Ruto’s directive to the Treasury and ministries to Kenya breaking news | Kenya news today | ....

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CBK boss: 'Blocked' digital lenders withheld info

CBK boss: 'Blocked' digital lenders withheld info
standardmedia.co.ke - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from standardmedia.co.ke Daily Mail and Mail on Sunday newspapers.

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10 digital loan firms given licences as 278 others wait

CBK ordered all unregulated lenders who did not apply for the licences to cease operations. ....

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CBK Approves 10 Digital Lenders Out Of 288 Initial Applicants In New Lenders Law

In the recent past, there has been an increase in digital lending most households have adopted this kind of borrowing to get by on daily expenses. Due to the flooded market of digital lenders, Kenyans have in the past fallen victim to credit fraud that includes high-interest rates, rollover fees, and hidden charges when receiving credit. Also, unauthorized Digital Lenders have been found to abuse personal information as well as enforce unethical debt collection practices. ....

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