Kenyan National Assembly news and trends

Kenyan Govt. Seeks Regulation Of ‘Exploitative’ Mobile Lenders

October 24, 2019
Kenyan Govt Wants To Regulate “Exploitative” Mobile Lenders
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Kenyan Govt. Seeks Regulation Of ‘Exploitative’ Mobile Lenders

October 24, 2019
The Kenyan National Assembly is considering a law that would make mobile lenders in the country subject to central bank oversight, which would force them to reveal transactions fees and interest rates before they dole out loans. Bloomberg is reporting that lending companies that don’t get deposits, like Tala, which is backed by Alphabet, and […]