The decision by the Central Bank of Kenya (CBK) to withdraw the approvals it granted to unregulated digital (mobile-based) and credit-only lenders as third party credit information providers to credit reference bureaus (CRBs), leaves a significant number of digital lending platforms in limbo in as far as credit scoring is concerned.

Read More

Salaried Kenyans will be allowed to use part of their retirement benefits to buy residential homes if Parliament approves a new Bill into law.

Read More

Banks will see improvement in reporting non-performing loans (NPL) following the Central Bank’s move to keep loans that go sour as a result of the coronavirus out of bad books.

Read More