At least 574 digital lenders are awaiting Central Bank of Kenya (CBK) clearance, with the regulator having licensed under a fifth of the applicants since the regulations governing mobile-based loans were introduced three years ago.
CBK on Thursday announced the licensing of 41 more Digital Credit Providers (DCPs), in the latest round of approvals. This is the latest clearance since October 2024 when it licensed 27 digital lenders.
