The Central Bank of Kenya (CBK) is facing a significant challenge as it prepares for the departure of four board members, whose terms end on December 4, 2024. This situation creates potential gaps in critical committees, complicating the bank's compliance with legal requirements for staggered board member replacements. The law does not provide clear guidelines on how CBK should stagger the tenures of its board members to ensure they conclude at different times. Additionally, CBK is moving to regulate buy-now-pay-later (BNPL) firms through proposed amendments in the Business Laws (Amendment) Bill, 2024, which aims to redefine digital credit providers to include BNPL services, asset financiers, and peer-to-peer lending, thereby granting CBK the authority to license these entities.