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Fresh proposals set to hit non-deposit taking MFBs

Kamau Thugge

Central Bank of Kenya Governor Kamau Thugge in his office in Nairobi on June 21, 2024.

Photo credit: Wilfred Nyangaresi | Nation
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By  Kepha Muiruri

Business Reporter

Nation Media Group

Fresh amendments to the regulation of non-deposit taking microfinance banks have created a clash as the entities stand to be licensed under two separate laws.

Non-deposit taking microfinance banks (NDTMFBs) are currently defined as non-micro finance bank businesses.

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