Digital Credit Providers

Kenya’s Digital Lending Boom: Central Bank Licenses 7 New Credit Providers, Expands to 58

The Central Bank of Kenya (CBK) has taken another significant step in regulating the burgeoning digital credit sector. On June 27, 2024, CBK announced the licensing of seven more digital credit providers (DCPs), pushing the total number to 58. This move underscores CBK’s commitment to creating a well-regulated environment that fosters innovation while protecting consumers….

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Internet Revolution: How Starlink Is Transforming Kenya Amid Unrest and Outages

Amid political unrest in Kenya, the reliability of traditional internet infrastructure has come under scrutiny. On a recent Tuesday evening, internet speeds were throttled during anti-government protests, leading to public outcry. Kenyans turned to Virtual Private Networks (VPNs) to maintain their online connectivity. The Communications Authority of Kenya (CAK) denied any plans for an internet…

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