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The Central Bank of Kenya (CBK) has significantly expanded its oversight of digital lenders by licensing an additional 29 providers. This brings the total number of regulated digital lenders in Kenya to 281. The Central Bank of Kenya (CBK) is proposing new regulations to oversee business transfers between subsidiaries within a banking group. This move aims to enhance financial stability and consumer protection. Separately, Absa Bank is embarking on a significant digital transformation initiative, aiming to revolutionize traditional banking services from within the industry.
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