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September 30, 2026
1h ago

CBK Gives New Update on Digital Lenders

CBK Gives New Update on Digital Lenders

CBK has intensified its licensing drive to curb unregulated digital lenders accused of high costs, unethical debt collection and data misuse...

✨ Key Highlights

The Central Bank of Kenya (CBK) has licensed an additional 29 digital credit providers (DCPs), bringing the total number of regulated lenders to 281. This move aims to ensure compliance and protect consumers in the digital lending sector.

  • As of September 30, the total number of licensed DCPs reached 281.
  • The Central Bank of Kenya is the regulatory body overseeing these approvals.
  • Since March 2022, the CBK has received over 900 applications for digital lending licenses.

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