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Digital lenders need to embrace CBK regulation Wednesday February 10 2021 By BUSINESS DAILY Summary The debate on whether digital lenders should be regulated by the Central Bank of Kenya (CBK) is back in the news thanks to a private members Bill by nominated MP Gideon Keter. A contrasting view has, however, been that since digital lending apps do not take deposits, the lenders do not require a licence from the CBK unlike the traditional banking and microfinance institutions. The debate on whether digital lenders should be regulated by the Central Bank of Kenya (CBK) is back in the news thanks to a private members Bill by nominated MP Gideon Keter. ....