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CBK plans expanded role to police all credit providers
Central Bank Governor Dr Kamau Thugge before the Departmental Committee on Finance and National Planning at Continental House Nairobi on October 24, 2023.
The Central Bank of Kenya (CBK) wants an expanded mandate to oversee all credit providers, pushing its grip beyond commercial banks and microfinance institutions.
The apex bank said it is pushing for the larger role noting that not all credit providers fall under the ambit of regulated entities at present.