CBK to Regulate Digital Lenders: The Central Bank of Kenya (Amendment) Act, 2021 Passed Into Law

Background to the Legislation The Central Bank of Kenya (Amendment) Act, 2021 (hereinafter, “the Act”) is the latest development in the quickly evolving digital lending space in Kenya. Over the past decade or so, Kenya has achieved significant financial inclusion thanks to increased penetration into the market brought about by advances such as mobile banking, […]