The Central Bank of Kenya has okayed a further 12 Digital Credit Providers (DCPs) to operate in Kenya through the issuance of licenses.
This is pursuant to Section 59(2) of the CBK Act, bringing the number of licensed DCPs to 22 following the licensing of 10
Tala has launched a grant programme that seeks to help Small
and Medium-sized Enterprises (SMEs) in
Kenya access finance technology with ease.
The Ksh.2 million programme targets customers who have been
hit hard by the coronavirus pandemic.
According to Tala, the programme will run throughout November.
Only Tala’s customers will
The National Assembly Committee on Finance and National Planning now wants digital lenders who share borrowers' information in contravention of the data protection act or the consumer protection act stopped from operating.
This is after the Committee added a clause to the Central Bank(
Amendment) Bill 2021,
The uptake of digital credit services in Kenya continues to experience explosive growth since the launch of M-Shwari in 2012 but the full potential of the sector still remains untapped.
According to the latest survey done by consumer intelligence firm ReelAnalytics, The State of Digital Lending
Tala, a global digital lending App has announced its
decision to suspend operations in Tanzania.
MetroplTV Digital desk has learned that the Republic of Tanzania did not reach a conclusion to take down Tala's loan services in Tanzania but a decision reached upon by Tala after piloting