Kenya: CBK Licenses 32 Digital Lenders, Total Rises to 227

Nairobi — The Central Bank of Kenya (CBK) has licensed an additional 32 Digital Credit Providers (DCPs), bringing the total number of approved players in the country 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.

CBK said it has received more than 800 applications since March 2022 and has been engaging applicants on business models, consumer protection, and the suitability of shareholders,…