CBK Licenses 7 More Digital Credit Providers

The Central Bank of Kenya (CBK) has licensed an additional 7 Digital Credit Providers (DCPs). In a statement released on Thursday, June 27, 2024, CBK noted that the total number of licensed lenders now stands at 58, following the addition of these seven digital lenders. “This is pursuant to Section 59(2) of the Central Bank…

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IMF Expresses Concern Over Kenya’s Situation

The International Monetary Fund (IMF) says it is concerned about Kenya’s situation following violent protests against the Finance Bill 2024. In a statement issued on Wednesday, Julie Kozack, IMF Director of Communications, expressed the financial body’s concern over the tragic events, including loss of lives and property destruction. “We are deeply concerned about the tragic…

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Call for more funding to African countries hosting migrants

More funding is required to control communicable diseases particularly in Africa and other developing countries which host refugees. Dr Santino Severoni, Director of World Health Organization’s (WHO) Department of Health and Migration, is calling on the international community to channel more resources to such countries that are facing financial challenges. He spoke during the opening…

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