The Central Bank of Kenya (CBK) has published an updated list of licensed digital credit providers (DCPs), as part of its ongoing regulation of Kenya’s digital lending sector. The April 2026 announcement confirms new approvals and highlights firms still undergoing the licensing process.
In the latest update, the CBK said 32 applicants have successfully met the requirements to operate as licensed digital lenders. This follows the licensing of 42 digital credit providers in December 2025, bringing the total number of credit providers in Kenya to 227. However, other firms remain under review, indicating that the approval process is still ongoing for several applicants seeking to enter the market.
The regulator reiterated that only licensed digital credit providers are authorised to offer loan services in Kenya. It cautioned the public against engaging with unlicensed entities, emphasising that any provider not listed among approved firms is operating outside regulatory compliance.
The CBK introduced mandatory licensing for digital lenders to address widespread concerns about consumer protection in the sector. Prior to regulation, the market had seen rapid growth, accompanied by complaints around high interest rates, misuse of personal data, and unethical debt collection practices.
Since the framework was implemented, the regulator has continued to issue periodic updates reflecting the status of applications and newly licensed firms. These updates serve as a reference point for consumers and stakeholders seeking clarity on which providers are legally recognised.
In addition to licensing, the CBK has maintained enforcement efforts targeting non-compliant operators. This includes working with relevant authorities to curb illegal digital lending activities and ensure adherence to existing financial regulations.
Kenya’s digital credit market remains one of the most active in Africa, largely driven by mobile adoption and demand for quick access to credit. As more players seek entry into the space, regulatory scrutiny has increased to ensure that growth does not come at the expense of consumer safety.
With this latest update, the CBK continues to reinforce its position that compliance is central to operating in Kenya’s digital lending ecosystem, signalling sustained oversight in the sector.
