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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Fannie Mac Freddie Mac Real Estate Mortgageistock 1019219898

Kenyan Shilling Skyrockets by 17.8% in 2024: What’s Fueling the Surge?

The Kenyan shilling has made significant gains against the US dollar this year, appreciating by 17.8% from January to June. This growth reflects a combination of favorable market conditions, increased foreign exchange inflows, and investor confidence. Weekly Performance and Key Drivers In the past week, the shilling strengthened by 1.06%, closing at 128.66 from the…

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Kenyan Banks & Finances

Banking In Kenya: Understanding Banks and what they do.

In Kenya, banks are vital institutions that provide a wide range of financial services to individuals and businesses. A bank essentially acts as a financial intermediary, accepting deposits from customers and providing loans while offering various other services like currency exchange, safe deposit boxes, and investment opportunities. There are different types of banks. Here are…

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