Members of Parliament during a previous session-Photo|Courtesy
Microfinance Bill seeks tougher oversight and consumer rights in Kenya’s lending sector
The microfinance industry is poised for its most sweeping regulatory overhaul in two decades, with a new Microfinance Bill before the National Assembly proposing tighter oversight, stronger consumer protections and expanded powers for the Central Bank of Kenya (CBK). Legislators say the reforms are necessary to modernise rules governing microfinance banks, which serve millions of…
