Kenyan governor asks for powers over digital lenders

Patrick Njoroge
Central Bank of Kenya governor Patrick Njoroge
www.junosnowdon.co.uk

Kenya’s central bank governor has called for regulatory powers over mobile money firms, warning politicans they were contributing to “ballooning” household debt, according to media reports.

Patrick Njoroge warned a parliamentary committee that the central bank was concerned about “a ballooning of debt in the private sector”, newspaper the Standard reported. “We are not talking corporates, we are talking households,” it reported him as saying. “Particularly with Covid-19, it’s quite problematic

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 [email protected] or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: