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CBK Expands Digital Lender Oversight to 281 Providers - October 2026
The Central Bank of Kenya (CBK) has significantly expanded its oversight of digital lenders by licensing an additional 29 providers. This brings the total number of regulated digital lenders in Kenya to 281. At the same time, CBK is proposing new regulations to oversee business transfers between subsidiaries within a banking group, aiming to enhance financial stability and consumer protection. Additionally, Absa Bank is embarking on a significant digital transformation initiative, aiming to revolutionize traditional banking services from within the industry.
CBK licenses 29 digital lenders, raising regulated providers to 281
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