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HomeDaily NewsWednesday, September 30, 2026CBK Gives New Update on Digital Lenders - September 2026
Breaking News & Top Stories3 stories from 1 sources

CBK Gives New Update on Digital Lenders - September 2026

The Central Bank of Kenya (CBK) has licensed an additional 29 digital credit providers (DCPs), bringing the total number of regulated lenders to 281. This move aims to ensure compliance and protect consumers in the digital lending sector. At the same time, education stakeholders in Western Kenya have strongly opposed the proposed 4 per cent annual interest on student loans under the Tertiary Education, Placement and Funding Bill, 2026. They argue this will increase the financial burden on graduates from low-income households. Additionally, the Salaries and Remuneration Commission (SRC) has suspended new salary and benefit reviews for several categories of county government officials, citing concerns over unsustainable wage bills, sparking uproar from civil servants.

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Wednesday 10:12 AMKenyans

CBK Gives New Update on Digital Lenders

CBK Gives New Update on Digital Lenders

The Central Bank of Kenya (CBK) has licensed an additional 29 digital credit providers (DCPs), bringing the total number of regulated lenders to 281. This move aims to ensure compliance and protect consumers in the digital lending sector.

Read Story

Key Highlights

The Central Bank of Kenya (CBK) has licensed an additional 29 digital credit providers (DCPs), bringing the total number of regulated lenders to 281. This move aims to ensure compliance and protect consumers in the digital lending sector.

  • As of September 30, the total number of licensed DCPs reached 281.
  • The Central Bank of Kenya is the regulatory body overseeing these approvals.
  • Since March 2022, the CBK has received over 900 applications for digital lending licenses.
Wednesday 8:04 AMKenyansFirst

Uproar from Civil Servants After SRC Suspends Salary Increase

Uproar from Civil Servants After SRC Suspends Salary Increase

The Salaries and Remuneration Commission (SRC) has suspended new salary and benefit reviews for several categories of county government officials, citing concerns over unsustainable wage bills.

Read Story

Key Highlights

The Salaries and Remuneration Commission (SRC) has suspended new salary and benefit reviews for several categories of county government officials, citing concerns over unsustainable wage bills.

  • The suspension, effective September 11, 2026, impacts officials in county executives, County Public Service Boards, County Secretaries, and County Attorneys.
  • SRC Chairperson Sammy Chepkwony stated that most county wage bills currently exceed 35 per cent of their ordinary revenue.
  • The Kenya Medical Practitioners and Dentists Union (KMPDU) criticized the decision, calling for transparency and reversal of the suspension.
Wednesday 9:54 AMKenyans

HELB Hit with New Demands Over Yearly Interest Rates

HELB Hit with New Demands Over Yearly Interest Rates

Education stakeholders in Western Kenya have strongly opposed the proposed 4 per cent annual interest on student loans under the Tertiary Education, Placement and Funding Bill, 2026. They argue this will increase the financial burden on graduates from low-income households.

Read Story

Key Highlights

Education stakeholders in Western Kenya have strongly opposed the proposed 4 per cent annual interest on student loans under the Tertiary Education, Placement and Funding Bill, 2026. They argue this will increase the financial burden on graduates from low-income households.

  • Stakeholders proposed that student loans should be interest-free.
  • Key entities involved include the National Assembly Departmental Committee on Education and various university stakeholders at Alupe University and Kibabii University.
  • Other concerns raised include the commencement of loan repayment, with a proposal to start within one year of securing employment, and a reduction in the maximum allowed deduction from a loanee's emoluments from 25 per cent to 10 per cent.
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