The Central Bank of Kenya (CBK) has licensed 29 more digital lenders, bringing the total number of regulated providers to 281. This move is part of the regulator's ongoing efforts to enhance oversight of the digital lending sector.

• 281 digital credit providers (DCPs) are now licensed by the CBK.
• The CBK has received over 900 applications since March 2022.
• The licensing framework aims to strengthen oversight and improve consumer protection in the rapidly growing credit market.

Absa Bank is embarking on a significant digital transformation initiative, aiming to revolutionize traditional banking services from within the industry.

• The strategy is spearheaded by Sitoyo Lopokoiyit, the new Chief Executive for Personal and Private Banking at Absa Group.
• This move signifies an insider-led disruption of the banking sector.
• The focus is on redefining customer experiences and operational efficiency through digital innovation.