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CBK digital lending licence queue hits 605 on high investor appetite
Despite tighter regulation and slow approvals, investor appetite for digital credit remains strong, with applications far outpacing licences issued since 2022.
At least 605 digital lenders are awaiting Central Bank of Kenya (CBK) clearance as the New Year begins, signalling sustained investor interest in the fast-growing digital credit market despite tighter regulatory scrutiny.
The regulator announced last Tuesday the licensing of 42 additional Digital Credit Providers (DCPs) in the latest round of approvals, which continues to trail the volume of applications.
