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Charges on digital loans to rise on new excise tax

For every 100 Kenyans interviewed, 55 took a digital loan in 2021

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by The Star

News07 July 2022 - 14:47
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Tala app, an online financial micro lending platform is seen on a mobile phone in this photo illustration taken May 23, 2018.

Small businesses dependent on short-term loans to grow will pay more to borrow from July 1 as the 20 per cent Excise Tax takes effect.

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