CBK licenses 32 digital lenders, total rises to 227

The move follows the approval of 42 lenders in December last year, as the regulator steps up oversight of the fast-growing digital lending sector. Kenya breaking news | Kenya news today |..

✨ Key Highlights

The Central Bank of Kenya (CBK) has licensed an additional 32 Digital Credit Providers (DCPs), bringing the total number of approved lenders to 227 as it increases oversight of the sector.

32 additional digital lenders licensed.
A total of 227 digital lenders are now approved by the CBK.
The regulator began licensing DCPs due to concerns over predatory practices and has received over 800 applications since March 2022.

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