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Safaricom-Backed Zero-Interest Credit Service, Faraja, Receives Regulatory Clearance

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Kenya’s Central Bank has granted clearance to Faraja, Safaricom’s zero-interest credit service backed by partners Equity Bank and EDOMx. After being authorized as a digital credit provider in March 2020 under new fintech regulations introduced by the CBK, Faraja was originally scheduled for release in July last year before regulatory reviews postponed its launch. With […]

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