13.4 C
London
Monday, September 26, 2022

New rules for digital lenders in Kenya aim to weed out bad players while boosting industry growth – londonbusinessblog.com

Must read

Who is Summer Walker? Wiki, Age, Height, Net Worth, Boyfriend, Ethnicity, Career

summer hiker is an American singer-songwriter. Her net worth was acquired through her singing and songwriting career. She has been in the...

Vicky Curiel: Everything you need to know about American singer DaniLeigh Mother

Vicky Curiel is an American entrepreneur, producer and manager. In addition, she is known as the Chief Executive Officer (CEO) of Miami-based music...

Heather Storm

Heather Storm is an American actress, model and travel writer. She is widely popular as the former co-host of the reality TV show,...

NASA’s DART Spacecraft Crashing Onto An Asteroid Could Someday Save Humanity

A cosmic collision is imminent more than 6.5 million miles from Earth.In a unique maneuver, a NASA spacecraft will deliberately slam into an asteroid...
Shreya Christinahttps://londonbusinessblog.com
Shreya has been with londonbusinessblog.com for 3 years, writing copy for client websites, blog posts, EDMs and other mediums to engage readers and encourage action. By collaborating with clients, our SEO manager and the wider londonbusinessblog.com team, Shreya seeks to understand an audience before creating memorable, persuasive copy.

New rules are: has often been met with skepticism from startup founders, but digital lenders in Kenya appear to be largely optimistic about the new law on digital credit providers, saying it will bring order to the industry.

The President of the Digital Lenders Association of Kenya, Kevin Mutisosounded optimistic about the impending new regulatory environment, saying it had already boosted investor confidence and will bolster growth in the sector.

“Regulation has encouraged investors to enter our market, and I am already aware of five new major players that have come in because of the new regulatory field. We look forward to being regulated and having a level playing field,” Mutiso told londonbusinessblog.com.

Mutiso added that the association’s 16 members, including market-dominant Tala and Zenka, are awaiting the required licenses to fully comply with regulations.

The regulations, which come into effect on September 18, give Kenya’s top bank, the Central Bank of Kenya, the required powers to monitor digital mobile lenders that have flooded the local market in recent years.


More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Who is Summer Walker? Wiki, Age, Height, Net Worth, Boyfriend, Ethnicity, Career

summer hiker is an American singer-songwriter. Her net worth was acquired through her singing and songwriting career. She has been in the...

Vicky Curiel: Everything you need to know about American singer DaniLeigh Mother

Vicky Curiel is an American entrepreneur, producer and manager. In addition, she is known as the Chief Executive Officer (CEO) of Miami-based music...

Heather Storm

Heather Storm is an American actress, model and travel writer. She is widely popular as the former co-host of the reality TV show,...

NASA’s DART Spacecraft Crashing Onto An Asteroid Could Someday Save Humanity

A cosmic collision is imminent more than 6.5 million miles from Earth.In a unique maneuver, a NASA spacecraft will deliberately slam into an asteroid...

British police arrest teen suspected of Uber, GTA 6 hacks • londonbusinessblog.com

Police in London have confirmed that a 17-year-old teenager, suspected of involvement in high-profile breaches at ride-hailing giant Uber and Rockstar Games, has been...