Kenya's CBK to review banking laws to boost fintech regulation

Kenya's Central Bank (CBK) is reviewing the Central Bank Act and Banking Act to strengthen digital finance regulation, consumer protection, and cybersecurity. The move aims to resolve legal grey areas that have stalled fintech expansion, allowing commercial banks and telcos to dominate. CBK's consultancy seeks to align laws with international best practices and Kenya's needs, potentially enabling fintechs like Chipper Cash to operate legally. Current regulations leave many fintechs outside CBK's mandate, causing conflicts with authorities over money laundering charges. The review could end delays in fintech licensing and address predatory lending issues that prompted 2022 regulatory intervention.

SOURCE: https://techcabal.com/2026/02/24/central-bank-kenya-eyes-clarity-fintechs-law-change/