Business & Economy4 stories from 2 sources
The Kenyan National Treasury is implementing new measures to regulate predatory digital lenders, aiming to protect consumers from exorbitant interest rates and unethical practices. At the same time, Treasury Cabinet Secretary John Mbadi has submitted key documents to Parliament regarding the proposed sale of 15% of the government's stake in Safaricom to Vodacom South Africa. Additionally, Naphtaly Kipchirchir Rono has been appointed the new Director-General of the Financial Reporting Centre (FRC) for a six-year term. Separately, Pesalink, Kenya's instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to streamline cross-border payments across Africa.