New rules for digital lenders in Kenya aim to weed out bad actors while bolstering sector growth

New rules for digital lenders in Kenya aim to weed out bad actors while bolstering sector growth

2 years ago
Anonymous $Dcz6_RW03I

https://techcrunch.com/2022/08/29/new-rules-for-digital-lenders-in-kenya-aim-to-weed-out-bad-actors-while-bolstering-sector-growth/

Fresh regulations are often met with skepticism from startup founders, but digital lenders in Kenya largely seem to be upbeat about the new Digital Credit Providers law, saying it will bring order to the sector.

The chairman of the Digital Lenders Association of Kenya, Kevin Mutiso, sounded optimistic about the impending new regulatory environment, saying that it had already fostered investor confidence and will bolster growth in the sector.

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