Live Breaking News & Updates on Kenya Bill|Page 3

Stay updated with breaking news from Kenya bill. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Digital lenders call for laws that will spur sector growth


Digital lenders call for laws that will spur sector growth
Thursday June 03 2021
By BONFACE OTIENO
Digital lenders have asked legislators and the Central Bank of Kenya (CBK) to enact non-restrictive laws that will spur the growth of the sector.
This comes in the wake of the Central Bank of Kenya (Amendment) Bill, 2020 that seeks to curb high digital lending rates.
The bill, set for debate before Parliament, will grant CBK powers to regulate digital lending rates in what is seen as a key step to tame an industry that has for years remained un-regulated.
Online lenders will also be subjected to similar rules to commercial banks, including having to seek the CBK’s approval for new products and pricing if the Bill becomes law. ....

Kevin Mutiso , Digital Lenders Association Of Kenya , European Union , Central Bank , Digital Lenders Association , Kenya Bill , Digital Lending , Kevin Mutiso , டிஜிட்டல் கடன் வழங்குநர்கள் சங்கம் ஆஃப் கேந்ய , ஐரோப்பிய தொழிற்சங்கம் , மைய வங்கி , டிஜிட்டல் கடன் வழங்குநர்கள் சங்கம் , கேந்ய ர சி து , டிஜிட்டல் கடன் ,