Digital Lenders
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News
Digital Loans Promised Access, Then Became The System Itself
Digital credit in Kenya has crossed a threshold where it no longer feels optional. With more than 3 million active…
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News
CBK licenses 42 more digital lenders
The Central Bank of Kenya (CBK) has announced that it has granted operating licenses to an additional 42 Digital Credit…
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News
Kenya and Nigeria Confront Digital Lending Risks with Contrasting Rules
Digital lending has exploded across Africa, offering instant credit through mobile phones to households, students, and small businesses. But the…
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BUSINESS
Kenya Licenses 27 New Digital Lenders
Kenya’s Central Bank (CBK) has announced the licensing of an additional 27 Digital Credit Providers (DCPs), bringing the total number…
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News
Digital Lenders Push for Higher Licensing Threshold to Filter Speculators
A group of Kenya’s digital lenders is calling on the Central Bank of Kenya (CBK) to raise the licensing threshold…
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News
CBK Licenses 7 More Digital Credit Providers
The Central Bank of Kenya (CBK) has issued operating licenses to 7 new Digital Credit Providers (DCPs). This now brings…
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News
Two firms fined Ksh.5 million by ODPC for abusing customers personal data
The Office of the Data Protection Commissioner (ODPC) has issued a penalty notice against two companies, digital credit provider, Whitepath…
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News
Google takes down hundreds of Kenyan loan apps from Play Store
Google has removed hundreds of Kenyan-focused loan apps from Play Store, in compliance with the new digital lenders policy which…
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News
South African digital lender Lulalend has bagged $35M Series B funding
Lulalend, a South African digital lender offering funding options for businesses has raised $35M in Series B funding. The round…
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News
CBK licenses 12 more digital lenders
The Central Bank of Kenya (CBK) has granted operating licenses to an additional 12 Digital Credit Providers (DCPs), bringing the…
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News
Digital lenders claim CBK is delaying issuance of licenses
Digital lenders have raised concerns over delays in obtaining operational licences from the Central Bank of Kenya (CBK). Business Daily…
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News
40 digital lenders in Kenya being probed over misuse of personal data
The Office of Data Protection Commission (ODPC) is investigating 40 digital lenders over allegations of abuse of personal data. The…
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BUSINESS
Unregulated digital lenders in Kenya directed to cease operations
Kenya is home to more than 200 digital lenders that are providing people with easy access to loans of various…
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News
CBK releases list of companies licensed to offer digital loans in Kenya
The Central Bank of Kenya (CBK) has released a list of companies licensed to operate as Digital Credit Providers (DCPs)…
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COLUMNS
TEJPAL BEDI: Regulating digital lenders in Kenya: The benefits for consumers and industries
In 2021, President Kenyatta approved an amendment that gives the Central Bank of Kenya powers to license and oversee previously…
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News
Digital lenders in Kenya are still abusing data protection laws
Digital lenders continued to harass defaulters and violate their consumer data rights. This is according to Ajua’s Quarter 1 2021…
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BUSINESS
CBK Seeks to Regulate Digital Lenders in Kenya in new Proposed Bill
The Central Bank of Kenya (CBK) seeks to regulate mobile lending loan rates in a new bill proposed to parliament.…
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