The Office of the Data Protection Commission (ODPC) has opened investigations into forty Digital Credit Providers for misusing personal information. The ODPC stated that it initiated...
The High Court has given the Central Bank of Kenya a greenlight to proceed with controlling the interest rates of digital loan platforms after it ruled...
The digital loans industry players now have two weeks left to apply for licenses as consumers move into a new era where their friends and relatives...
Digital lenders moved to court seeking to revoke the 20 percent excise tax on loans advanced to online borrowers, setting it on a collision course with...
American digital bank, UMBA, recently acquired a majority stake in Daraja, a deposit-taking microfinance bank, in the latest purchase that has made the loss-making industry a...
The Central Bank of Kenya (CBK) has blocked the launch of a Safaricom-backed zero-interest credit service for purchase of goods, hindering a product expected to disrupt...
Digital lenders will from September 18 be required to give loan defaulters a one month’s notice, before submitting their names to the Credit Reference Bureaus (CRB)....
Digital money lenders on Thursday announced the launch of a lobby group, the Digital Lenders Association of Kenya (DLAK) shortly after the Banking Charter came into...