CRB Regulations 2020 offer more than ‘soft landing’ for COVID-19 disruptions
The CRB Regulations, 2020 gazetted by the Cabinet Secretary to the National Treasury on 8th April 2020 introduced major reforms aimed at strengthening the credit information sharing framework in Kenya. Most people will remember these Regulations mainly for four prominent things: suspension of negative listing for borrowers affected by the COVID-19 pandemic; withdrawal of Central Bank approval to some lenders previously allowed to share data; reprieve granted to first-time applicants for clearance certificates and borrowers who default on principal loans of less than Shs. 1,000. This affirmative action by Government has proved to be hugely popular among many stakeholders who …
April 2019 Digest
In February 2019, the Government of announced the Launch of ‘Huduma Namba’ a National Integrated Identity Management System. The purpose of the portal is to be a master population register, applicable to all residents of Kenya: foreign and citizens, which enables one to be identified using a single reference number in order to access government services. Its registration was rolled out on a pilot basis in select counties across the nation… Read more …