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</o:shapelayout></xml><![endif]--></head><body lang=EN-US link=blue vlink=purple><div class=WordSection1><p class=MsoNormal>David,<o:p></o:p></p><p class=MsoNormal>Thanks much. Lots going on in here, including the draft Bill and the CBK/National Treasury draft Regulations to regulate the mobile lending sector.<o:p></o:p></p><p class=MsoNormal>Regards,<o:p></o:p></p><p class=MsoNormal>Hezron<o:p></o:p></p><p class=MsoNormal><o:p> </o:p></p><div style='border:none;border-top:solid #B5C4DF 1.0pt;padding:3.0pt 0cm 0cm 0cm'><p class=MsoNormal><b><span style='font-size:12.0pt;color:black'>From: </span></b><span style='font-size:12.0pt;color:black'>kictanet <kictanet-bounces+hezron.gikanga=thearcrayon.com@lists.kictanet.or.ke> on behalf of David Indeje via kictanet <kictanet@lists.kictanet.or.ke><br><b>Reply-To: </b>KICTAnet ICT Policy Discussions <kictanet@lists.kictanet.or.ke><br><b>Date: </b>Friday, 21 February 2020 at 16:27<br><b>To: </b><Hezron.Gikanga@thearcrayon.com><br><b>Cc: </b>David Indeje <davidindeje@gmail.com><br><b>Subject: </b>[kictanet] DIGITAL LENDING MARKET INQUIRY<o:p></o:p></span></p></div><div><p class=MsoNormal><o:p> </o:p></p></div><div><div><p class=MsoNormal><span style='font-family:"comic sans ms"'> GAZETTE NOTICE NO. 1401 THE COMPETITION ACT (No. 12 of 2010) <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"comic sans ms"'><o:p> </o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"comic sans ms"'>DIGITAL LENDING MARKET INQUIRY/SECTOR STUDY PURSUANT to the provisions of section 18 (5) of the Competition Act, 2010 ("the Act") it is notified for general information that in exercise of the powers conferred by section 18 (1) (a) of the Act, the Competition Authority intends to carry out a sector study into the regulated and unregulated digital credit markets in Kenya under financial support from Innovations for Poverty Action (IPA). Financial Sector Deepening (FSD-Kenya) and IPA will also extend technical support to this study. <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"comic sans ms"'><o:p> </o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"comic sans ms"'>The main objective of the study is to identify and address potential consumer protection concerns in the regulated and unregulated digital credit markets. The specific objectives of the study will include— <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"comic sans ms"'><o:p> </o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"comic sans ms"'> (a) Provide evidence regarding the size and nature of the digital credit market. <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"comic sans ms"'>(b) Identify potential consumer protection risks and consumer outcomes within Kenya's digital credit sector. <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"comic sans ms"'>(c) Increase transparency and comprehensiveness of product information and terms and conditions. <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"comic sans ms"'>(d) Address probable fraud in digital financial services. <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"comic sans ms"'>(e) Improve consumer redress for digital credit products. (/) Increase consumer control over personal information to expand choice and competition; and <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"comic sans ms"'>(g) Inform the development of policies to ensure adequate consumer protection across regulated and unregulated lenders and equal protection of all Kenyan consumers. <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"comic sans ms"'><o:p> </o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"comic sans ms"'>In Conducting the study, the Authority — <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"comic sans ms"'>(a) Shall hold such number of meetings in such places and at such times as it may consider necessary for the proper discharge of its functions; <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"comic sans ms"'>(b) Will receive views from members of the public and receive oral and written submissions from any person with relevant information; and Any party from whom the Authority may require information from in furtherance of the study will be under an obligation to provide the information in and failure to do so shall be an offence under section 18 (6) of the Competition Act, 2010. <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"comic sans ms"'><o:p> </o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"comic sans ms"'>Members of the Public with relevant information may also submit oral or written submissions to the Secretariat within twenty-one (21) days of publication of this notice. <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"comic sans ms"'><o:p> </o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"comic sans ms"'>The secretariat of the study shall be based at the Authority's offices located at Kenya Railways Staff Retirement Benefit Scheme Block D, 1st Floor, Haile Selassie Avenue, P. 0 Box 36265-00200, Nairobi. E-mail: <a href="mailto:info@cak.go.ke">info@cak.go.ke</a>,Tel: +254-20-2628233. WANG'OMBE KARIUKI, Director-General. <o:p></o:p></span></p></div><div><p class=MsoNormal><span style='font-family:"comic sans ms"'> <br clear=all><o:p></o:p></span></p></div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><div><p class=MsoNormal><b><span style='font-size:9.5pt;font-family:"trebuchet ms",sans-serif;color:#990000'>Kind Regards,</span></b><o:p></o:p></p><p style='margin-top:6.0pt'><b><span lang=EN-GB style='font-size:10.0pt;font-family:"trebuchet ms",sans-serif;color:#990000'>David Indeje </span></b><span style='font-size:9.5pt'><o:p></o:p></span></p></div><div><p class=MsoNormal><span style='border:solid windowtext 1.0pt;padding:0cm'><img border=0 width=32 height=32 style='width:.3333in;height:.3333in' id="_x0000_i1028" src="cid:~WRD000.jpg" alt="Image removed by sender."></span><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:#4A4A4A'> +254 (0) 711 385 945 | +254 (0) 734 024 856 </span><span style='border:solid windowtext 1.0pt;padding:0cm'><img border=0 width=32 height=32 style='width:.3333in;height:.3333in' id="_x0000_i1027" src="cid:~WRD000.jpg" alt="Image removed by sender."></span><o:p></o:p></p></div><div><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:3.75pt;margin-left:0cm;line-height:11.25pt'><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:#4A4A4A'>Website: <a href="https://khusoko.com/" target="_blank">Khusoko</a><o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:3.75pt;margin-left:0cm;line-height:11.25pt'><span style='font-size:10.0pt;font-family:"Arial",sans-serif;color:#4A4A4A'><a href="https://www.linkedin.com/in/david-indeje/" target="_blank"><span style='color:#4A4A4A;text-decoration:none'><span style='color:blue;border:solid windowtext 1.0pt;padding:0cm'><img border=0 width=32 height=32 style='width:.3333in;height:.3333in' id="_x0000_i1026" src="cid:~WRD000.jpg" alt="Image removed by sender."></span></span></a><a href="https://twitter.com/David_Indeje" target="_blank"><span style='color:#4A4A4A;text-decoration:none'><span style='color:blue;border:solid windowtext 1.0pt;padding:0cm'><img border=0 width=32 height=32 style='width:.3333in;height:.3333in' id="_x0000_i1025" src="cid:~WRD000.jpg" alt="Image removed by sender."></span></span></a><o:p></o:p></span></p><p style='mso-margin-top-alt:0cm;margin-right:0cm;margin-bottom:3.75pt;margin-left:0cm;line-height:11.25pt'><span style='font-family:"Arial",sans-serif;color:#4A4A4A'><o:p> </o:p></span></p></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div></div><p class=MsoNormal>_______________________________________________ kictanet mailing list kictanet@lists.kictanet.or.ke https://lists.kictanet.or.ke/mailman/listinfo/kictanet Twitter: http://twitter.com/kictanet Facebook: https://www.facebook.com/KICTANet/ Unsubscribe or change your options at https://lists.kictanet.or.ke/mailman/options/kictanet/hezron.gikanga%40thearcrayon.com The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform for people and institutions interested and involved in ICT policy and regulation. The network aims to act as a catalyst for reform in the ICT sector in support of the national aim of ICT enabled growth and development. KICTANetiquette : Adhere to the same standards of acceptable behaviors online that you follow in real life: respect people's times and bandwidth, share knowledge, don't flame or abuse or personalize, respect privacy, do not spam, do not market your wares or qualifications. <o:p></o:p></p></div></body></html>