Tag: #DoingbusinessinAfrica

Just like in Nigeria and many other African countries, payment products and services are well regulated in Uganda by the country’s apex bank, the Bank of Uganda (“BoU”), through its National Payment System Department (“NPSD”). The NPSD oversees the national payment system of the country …

Uganda is increasingly becoming a destination not only for tourism but also Fintech businesses as digital lending businesses are springing up and thriving in the East African country of about 47 Million population (over 50% of which have mobile telephone and internet access) as well …

The Central Bank of Kenya (“CBK”) was recently vested with the powers to license and regulate digital lenders in Kenya under a new law, The Central Bank of Kenya (Digital Credit Providers) Regulations 2022 (“Regulation 2022”) effective from 18th March 2022. Before 2022, digital lending …