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Originally published by Kenyans
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June 3, 2026
52m ago

Govt Moves to Regulate Some Lenders Under Proposed Law

Govt Moves to Regulate Some Lenders Under Proposed Law

The framework, if adopted, would mark a shift in the regulation of the finance institutions, which have continued to fund projects that are usually considered too risky for commercial lenders...

✨ Key Highlights

The Kenyan government is proposing a new legal framework to regulate Development Finance Institutions (DFIs), aiming to enhance oversight and attract investment. This initiative emerged from discussions held on Wednesday, June 3, involving DFIs, financial regulators, and policymakers.

  • The proposed framework seeks to strengthen governance, financial soundness, access to capital, and coordination within the DFI sector.
  • Key stakeholders involved include the Kenya Development Corporation (KDC), financial sector regulators, and policymakers.
  • Currently, DFIs operate without a unified regulatory framework, unlike commercial banks, and are established and controlled by the national government through individual acts or charters.

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