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Financial Services Tanzania Regulation Microfinance

Clyde & Co.

Prohibition of lending without a licence

In an effort to prohibit the lending of money without a licence, the Bank of Tanzania (the BoT), on 24 November 2022 published a notice (the Notice) prohibiting institutions, companies and individuals who are in the business of providing loans without a licence contrary t..

Reprieve for non-deposit-taking microfinance businesses as the high court temporarily exempts them from the Central Bank of Kenya (Digital Credit Providers) Regulations

On 7 December 2021, the President signed into law the Central Bank of Kenya (Amendment) Act of 2021 (Act) that grants the Central Bank of Kenya (CBK) powers to regulate digital credit providers.