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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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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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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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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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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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Ghanaian fintech Dash raises $32.8M seed to build connected wallets for Africans

TechCrunch

Two years before that, Boampong traveled to Kenya and was fascinated by how unbanked Kenyans sent and received money while paying bills with mobile money, a system of payments pioneered by Safaricom’s M-Pesa, which has close to 30 million customers. Dash claimed to process over $300 million in TPV in January, up 300% monthly from Q4 2021.

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Kenya’s fintech Kwara lands $4 Million in seed round from Breega, SoftBank to build neobank for credit unions

TechCrunch

Kwara has over the last year entered South Africa and Philippines, as the demand for its services grew beyond Kenya. Wandia said that from the onset, it was clear that Kwara would expand beyond Kenya as they quickly discovered that most credit unions, especially those in emerging markets, had not caught the wave of technology.

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