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National Assembly Majority Leader, Kimani Ichung’wah at a past function/HANDOUT

News

Microfinance Bill 2026 proposes caps on recoveries for defaulted mobile loans

A proposed Microfinance Bill, 2026 would limit what lenders can recover after a loan turns non-performing, restrict collateral, and expand Central Bank oversight. It also proposes criminal penalties, including up to Sh5 million fines, for illegal lending.

By Bradley Bosire 6 Jun 2026

CBK licenses 32 more digital lenders, bringing total to 227

Business

CBK licenses 32 more digital lenders, bringing total to 227

The central bank noted that it has received more than 800 applications since March 2022, reflecting strong interest in Kenya’s digital lending space.

By Bradley Bosire 14 Apr 2026

Central Bank licenses 42 more digital credit providers

Business

Central Bank licenses 42 more digital credit providers

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.

By Chrispho Owuor 30 Dec 2025