Kenya licenses 19 more digital money lenders
It is the fourth round of licence issuances since Kenya's central bank started okaying DCPs in October 2022, after the six-month mandatory registration window expired.
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It is the fourth round of licence issuances since Kenya's central bank started okaying DCPs in October 2022, after the six-month mandatory registration window expired.
Approval follows the completion of the sixth reviews of Kenya's multi-year arrangement with the fund.
This marks a U-turn from the hard stop of December 31, 2023 for a $300 million buyback that was announced by President Ruto.
The global lender has mobilised the funds through its sister funding agencies as loans and equity investments into Kenyan firms.
There is need to find out where money paid as commitment fees went, MP says.