CBK licenses 27 more digital credit providers

CBK licenses 27 new digital credit providers, raising total to 153, says regulation aims to curb unethical debt collection, and high lending costs...
✨ Key Highlights
The Central Bank of Kenya (CBK) has licensed 27 additional Digital Credit Providers (DCPs), bringing the total number of approved firms to 153. This initiative aims to curb unethical lending and enhance consumer protection.
- 153 total DCPs have been licensed by the CBK after reviewing over 700 applications since March 2022.
- The Central Bank of Kenya (CBK) is the key organization involved, regulating the digital lending sector.
- As of June 2025, licensed DCPs disbursed 5.5 million loans worth Sh76.8 billion, highlighting the significant market impact and the need for stricter oversight.
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