Kenya’s central bank looks to regulate digital lenders

Kenya mobile money

Digital financial products and services in Kenya could soon be regulated by the central bank, if draft legislation before parliament is approved.

Amendments to the Central Bank of Kenya Act submitted to parliament would grant the central bank powers to “regulate and supervise the conduct of providers of digital financial products and services”.

Currently, there is no legal framework in place governing digital borrowing platforms and other digital financial products and services.

Under the new

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:

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: