Ndung’u calls for new reforms in MFI scheme
Njuguna Ndung'u, the governor of the Central Bank of Kenya, last week raised concerns that bottlenecks may be slowing issuance of microfinance licenses as MFIs (Monetary Financial Institutions) grow weary of the regulations imposed under entrance to the new scheme.
Many firms in the MFI sector are now transforming into deposit-taking institutions. Under the scheme MFIs are required to be incorporated as limited liability companies. According to Ndung'u, the incorporation process takes
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@centralbanking.com