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New rules for digital lenders in Kenya aim to weed out bad actors while bolstering sector growth

TechCrunch

Fresh regulations are often met with skepticism from startup founders, but digital lenders in Kenya largely seem to be upbeat about the new Digital Credit Providers law, saying it will bring order to the sector.

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Kenya cracks down on digital lenders over data privacy issues

TechCrunch

Digital lenders that share personal data of loan defaulters, with third parties, risk license withdrawal in Kenya after lawmakers added a clause – granting the banking regulator the mandate to revoke permits of operators who breach customer confidentiality – to the new law passed by the country’s National Assembly. .

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Kenya’s president signs new law to police digital lenders, apps have six months to apply for licenses

TechCrunch

In the past decade, numerous mobile lending apps have been launched in Kenya, riding on the growing need for quick loans. Under the new legislation, lenders are required to apply for licenses from the CBK, as compared to previously, when they only had to register to set up operations in the East African country. and PayPal-backed Tala.

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Accessibility Excitement in Geneva

Beneblog: Technology Meets Society

The ABC would wrap together efforts such as TIGAR as a sharing portal, capacity building efforts for countries trying to create accessible book services and looking at issues like licensing. So, in the meanwhile, we will need to rely on licenses: permissions agreements. So, the publishers weren’t against all licensing.

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Enabling a Participatory Culture using Creative Commons Licenses

Beth's Blog: How Nonprofits Can Use Social Media

Note from Beth: Lately, a question on my mind is whether or not the concept of Networked Nonprofits is a global one as I’ve had the opportunity to share some of the ideas beyond the US borders in Kenya and UK. I think Pratham Books , an NGO in India, is a networked nonprofit. Creative Commons to the rescue.

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Tanzania’s YC alum Ramani raises $32M to digitize CPG supply chains, lend resellers

TechCrunch

By leveraging Ramani’s technology, the MDCs can digitally track their operations easily and get financing based on the performance of their businesses. The startup recently received its lending license from the Bank of Tanzania, and has already introduced a 30-day inventory financing product in the market. “We

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Nigerian digital bank Carbon hit $240M in payments processed last year, up 89% from 2019

TechCrunch

The brothers started the company in a niche digital lending market, but now, the company offers a plethora of services from savings to payments and investments. Also, in its quest to become a digital bank, Carbon acquired a microfinance bank license. Image Credits: Carbon. But that’s not the only event to keep an eye on.

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