Regulation of the Digital Lending Platforms by the Central Bank of Kenya – CBK

A. INTRODUCTION The Central Bank of Kenya (Amendment) Bill, 2020 (the “Bill”) was published on 19 June 2020. Approved by the Parliament on On 25th February, 2021 and is now before the National Assembly Committee and National Planning presented in April 2021. Through this Bill, the Central Bank of Kenya (“CBK/the Bank”) is seeking the […]

Investment Based Crowdfunding Regulations – 2021

The recent publication of the Draft Capital Markets (Investment Based Crowdfunding) Regulations 2021 (the “Regulations”) by the Cabinet Secretary for the National Treasury is a welcome response to the long awaited need for the regulation of the fintech market in Kenya. Crowd funding refers to the act of raising small amounts of money from a […]