Report: Rising business expenses drive Kenyans to borrow more
The rising cost of living is driving more Kenyans to take short-term loans on digital platforms to sustain their struggling businesses. According to MoneyMarch 2022...
Digital lending
Branch acquires majority shareholding in Century Microfinance Bank
Branch International Limited has become the first mobile digital lender to acquire majority stake in a banking institution more than a month since the law...
Tala pilots programme to fund businesses affected by covid
Digital lending firm Tala Kenya has announced a Kshs. 2 million grant that will support Micro and Small Medium Enterprises which have been affected by...
Tala raises Kshs. 16.1B to expand presence, product portfolio
Tala has raised Kshs. 16.1 billion in series E funding that will see the digital lender grow its workforce in four markets and launch new...
92pc of borrowers unfazed by digital lending terms, survey finds
Majority of Kenyans polled have stated that they do not consider interest rates charged by digital lenders as a factor when borrowing according to survey...
CBK to establish anti-money laundering laws targeting digital lenders
Digital lenders operating in Kenya could be forced to reveal the source of their capital as the Central Bank of Kenya (CBK) gets licensing powers...
Proposed law to eliminate rogue digital lenders, Tala says
The anticipated Central Bank of Kenya (Amendment) Bill 2020 is expected to streamline the digital lending space which has recorded sharp rise in less than...
CBK want hold of digital lenders in push to regulate sector
The Central Bank of Kenya (CBK) has urged the National Assembly to pass the proposed CBK Amendment Bill 2020 that seeks to regulate digital lenders...
Zenka roots for customer-centricity to enhance digital lending
Zenka Finance is backing the development of innovative financial products that will place customer needs at the heart of digital lending in order to ensure...
Digital lenders want capital requirement exclusion under proposed law
Digital Lender Association of Kenya (DLAK) want to be excluded from the capital requirements which will be determined by the Central Bank of Kenya in...