Kenya’s Digital Lending Market Grows Again as CBK Licenses 25 More Firms

The Central Bank of Kenya (CBK) has licensed 25 additional Digital Credit Providers (DCPs), raising the number of approved digital lenders in the country to 252. The latest approvals extend a licensing exercise that began in March 2022 and mark… The Central Bank of Kenya (CBK) has licensed 25 additional Digital Credit Providers (DCPs), raising the number of approved digital lenders in the country to 252. The latest approvals extend a licensing exercise that began in March 2022 and mark…