Digital Credit Lenders in Kenya: CBK Approval & Licensed Providers

Digital Credit Lenders

Kenya’s digital lending sector has experienced exponential growth, driven by mobile technology and financial inclusion efforts. However, concerns over predatory lending and data privacy led the Central Bank of Kenya (CBK) to introduce strict regulations. Since 2022, Digital Credit Lenders (DCPs) must obtain CBK approval to operate legally. As of 2025, 85 digital lenders have been licensed, with hundreds more under … Read more

Money Market Accounts; How Money Market Accounts Work

A money market accounts (MMA) are the type of savings account that typically offers a higher interest rate than a traditional savings account. In Kenya, MMAs are offered by various banks and financial institutions. Here are some key things to know about MMAs in Kenya: Overall, a money market account can be a good option … Read more