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Kenya is set to tighten the belt on digital lenders and non-deposit-taking credit providers through proposed reforms in the business laws (amendment) bill, 2024. The bill set to be tabled by the ministry of investments, trade, and industry, seeks to bring the lenders under the direct oversight of the Central Bank of Kenya, introducing stringent consumer protection measures to curb predatory lending practices.
Kenya is set to tighten the belt on digital lenders and non-deposit-taking credit providers
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