Nigeria’s central bank to track every retail dollar

Namaste,

Victoria from Techpoint here,

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Complaints against Kenya’s digital lenders soar CBN wants to track every retail dollar Prosus sells final Delivery Hero stake Complaints against Kenya’s digital lenders soar

Complaints against Kenya’s digital lenders have exploded, showing that the country’s fast-growing loan app industry is still struggling to win consumers’ trust. Per the Competition Authority of Kenya (CAK), complaints about digital lenders increased fivefold in the year ended June 2025, making the sector one of the biggest sources of consumer grievances. The regulator said most of the complaints centred on false and misleading representations and unconscionable conduct, raising fresh concerns about how some lenders treat borrowers.

The surge in complaints matters because digital lending has become a lifeline for millions of Kenyans who need quick access to credit. With just a smartphone, borrowers can apply for loans