Proposed law to allow Bitcoin, social media monetisation as collateral for loans
MPs urged to expand the range of assets that CBK recognises as loan collateral...
✨ Key Highlights
A proposed amendment to Kenya's Microfinance Act could allow borrowers to use a wider range of assets, including cryptocurrencies, social media income, and patents, as collateral for loans.
- The Association of Microfinance Institutions of Kenya (AMFI) is urging lawmakers to expand the definition of acceptable collateral.
- This move aims to increase access to credit, particularly for micro, small, and medium-sized enterprises (MSMEs).
- Data from the Business Registration Service indicates that the Movable Property Security Rights regime has facilitated access to approximately Sh6.5 trillion through registered collateral assets.
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Satellite Town Housing Demand Reshapes Kenya's Property Market - July 2026
Demand for housing in Kenya's satellite towns is surging as buyers prioritize affordability, security, and well-planned communities over traditional city-centre living. This shift in residential preferences is reshaping the country's property market dynamics. Meanwhile, Kenya's fuel import bill surged to a record Sh122.4 billion in May, significantly outpacing previous months and reflecting a notable increase in shipments. Separately, a proposed amendment to Kenya's Microfinance Act could allow borrowers to use a wider range of assets, including cryptocurrencies, social media income, and patents, as collateral for loans.
