Treasury moves to tame predatory digital lenders
Among the reforms the CS said, is a strengthened licensing and oversight regime spearheaded by the Central Bank of Kenya, which now requires all Non-Deposit Taking Credit Providers to be licensed under a comprehensive Digital Credit Providers regulatory framework. Kenya breaking ..
✨ Key Highlights
The Kenyan National Treasury is implementing new measures to regulate predatory digital lenders, aiming to protect consumers from exorbitant interest rates and unethical practices.
- A strengthened licensing and oversight regime by the Central Bank of Kenya (CBK) now requires all Non-Deposit Taking Credit Providers (NDTCPs) to be licensed under a new Digital Credit Providers regulatory framework.
- Cabinet Secretary for the National Treasury and Economic Planning, John Mbadi, detailed the reforms, emphasizing compliance with the Data Protection Act.
- As of December 2025, digital credit providers accounted for Sh110.5 billion, representing 2.4% of total credit advanced by lending institutions.
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Treasury Moves to Tame Predatory Digital Lenders - February 2026
The Kenyan National Treasury is implementing new measures to regulate predatory digital lenders, aiming to protect consumers from exorbitant interest rates and unethical practices. At the same time, Treasury Cabinet Secretary John Mbadi has submitted key documents to Parliament regarding the proposed sale of 15% of the government's stake in Safaricom to Vodacom South Africa. Additionally, Naphtaly Kipchirchir Rono has been appointed the new Director-General of the Financial Reporting Centre (FRC) for a six-year term. Separately, Pesalink, Kenya's instant payment network, has partnered with the Pan-African Payment and Settlement System (PAPSS) to streamline cross-border payments across Africa.
