{"id":114389,"date":"2026-04-15T12:55:19","date_gmt":"2026-04-15T09:55:19","guid":{"rendered":"https:\/\/www.capitalfm.co.ke\/business\/?p=114389"},"modified":"2026-04-15T12:56:48","modified_gmt":"2026-04-15T09:56:48","slug":"cbk-licenses-32-digital-lenders-total-rises-to-227","status":"publish","type":"post","link":"https:\/\/www.capitalfm.co.ke\/business\/2026\/04\/cbk-licenses-32-digital-lenders-total-rises-to-227\/","title":{"rendered":"CBK licenses 32 digital lenders, total rises to 227"},"content":{"rendered":"<p><strong>NAIROBI, Kenya, April 15 \u2013 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.<\/strong><\/p>\n<p>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.<\/p>\n<p>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, directors, and management.<\/p>\n<p>\u201cThe focus of the engagements with DCPs has been on business models, consumer protection and fitness and propriety of proposed shareholders, directors, and management,\u201d the bank said in a statement.<\/p>\n<p>The regulator began licensing digital lenders after concerns over predatory practices, including high costs, unethical debt collection, and misuse of personal data.<\/p>\n<p>As of February 2026, licensed DCPs had issued 7.5 million loans worth Sh133.5 billion.<\/p>\n<p>CBK said remaining applicants are at various stages of review, urging those yet to submit required documentation to do so to facilitate approval.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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.<\/p>\n","protected":false},"author":13285,"featured_media":107425,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[684,1,687],"tags":[1438,983,934,5177,7477,11198],"coauthors":[701],"class_list":["post-114389","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-gornment","category-kenya","category-top-stories","tag-cbk","tag-digital-lenders","tag-featured","tag-licenses","tag-rises","tag-total"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v25.7.1 (Yoast SEO v27.5) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>CBK licenses 32 digital lenders, total rises to 227 - Capital Business<\/title>\n<meta name=\"description\" content=\"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. 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