DEVELOPMENTS IN THE LAW REGULATING NON-CONVENTIONAL LENDERS IN KENYA: THE FINANCIAL MARKETS CONDUCTS BILL 2018 AND THE CENTRAL BANK OF KENYA (AMENDMENT) BILL 2020
The current reality in Kenya is that the need for quick capital for individuals and small businesses has been on the rise whereas access to credit facilities has been on the decline. Consequently, in recent years, we have seen an upsurge of non-conventional lenders, inclusive of digital lenders and shylocks, in Kenya. The upsurge has …