Hard truths.
The latest approvals, announced on Tuesday under Section 59(2) of the Central Bank of Kenya Act, come three months after CBK licensed 32 digital lenders in April 2026. The regulator said the move is part of an...
The initiative seeks to expand lending to viable businesses by partnering with commercial banks, SACCOs, microfinance banks and digital credit providers, with the goal of supporting enterprise recovery and prom...
The bank noted that each application underwent rigorous review, focusing on business models, consumer protection measures, and the fitness and propriety of proposed shareholders, directors, and management.
The move aims to reshape the country’s booming and controversial mobile lending industry.
With the latest approvals, the number of regulated digital credit providers (DCPs) now stands at 153.