CBK intensifies oversight with licensing of 41 more digital credit providers

REGULATION | The Central Bank of Kenya (CBK) Licenses 41 New Digital Lenders – Full List Inside

The Central Bank of Kenya (CBK) has announced the approval of 41 additional digital lenders, bringing the total number of licensed Digital Credit Providers (DCPs) in Kenya to 126.   In a statement dated Thursday, June 5, CBK confirmed that the newly approved companies had met the requirements outlined under Section 59(2) of the Central Bank of Kenya Act (CBK Act). “The Central Bank of Kenya (CBK) announces the licensing of an additional 41 Digit…

CBK licenses 41 more digital lenders

The Central Bank of Kenya (CBK) has licensed 41 additional digital credit providers, raising the total number of approved firms to 126 out of more than 700 applications received since March 2022. Despite the progress, about 574 applicants — roughly 82 percent — are still awaiting approval. CBK says many have yet to submit the […]

CBK intensifies oversight with licensing of 41 more digital credit providers

Central Bank of Kenya (CBK) has licensed 41 additional digital credit providers (DCPs), pushing the total number of authorised operators to 126. It comes as the regulator intensifies efforts to tame predatory lending practices that have plagued Kenya’s fast-growing mobile lending sector. This latest cohort follows the licensing of 27 DCPs announced in October 2024, […]

CBK licenses 47 additional  digital credit providers, total now at 126

The Central Bank of Kenya (CBK) has licensed 41 additional Digital Credit Providers (DCPs), increasing the total number of licensed providers to 126. This move marks a major milestone in the regulator’s mission to ensure transparency, consumer protection, and ethical lending practices in Kenya’s fast-growing digital finance ecosystem. This announcement comes amid rising demand for regulated digital lending services and is aligned with CBK’s cont…