CBK Publishes List of 12 More Approved Mobile Lenders

The Central Bank of Kenya (CBK) has licensed 12 more Digital Credit Providers (DCPs). 

In a statement on Monday, the CBK says the total number of Digital Credit Lenders in the country is now 22.

The registration, according to the CBK, is pursuant to Section 59(2) of the Central Bank of Kenya Act(CBK Act). 

"CBK has received 381 applications since March 2022 and has worked closely with the applicants in reviewing their applications. Additionally, CBK has engaged other regulators and agencies pertinent to the licensing process, including the Office of the Data Protection Commissioner," CBK said.

While reviewing the digital lenders for licensing, CBK said the focus was on business models, consumer protection and fitness and propriety of proposed shareholders, directors, and management.

"This is to ensure adherence to the relevant laws and importantly that the interests of customers are safeguarded. We acknowledge the efforts of the applicants and the support of other regulators and agencies in this process," CBK said.

Here is the full list of 22 licensed Digital Credit Providers:

1. Ceres Tech Limited

2. Getcash Capital Limited 

3. Giando Africa Limited (Trading as Flash Credit Africa)

4. Jijenge Credit Limited

5. Kweli Smart Solutions Limited

6. Inventure Mobile Limited (Trading as Tala)

7. Jumo Kenya Limited

8. Letshego Kenya Ltd

9. MFS Technologies Limited

10. M-Kopa Loan Kenya Limited

11. Mwanzo Credit Limited

12. Mycredit Limited

13. MyWagepay Limited

14. Natal Tech Company Limited

15. Ngao Credit Limited

16. Pezesha Africa Limited

17. Rewot Ciro Limited

18. Sevi Innovation Limited

19. Sokohela Limited

20. Tenakata Enterprises Limited

21. Umoja Fanisi Limited

22. Zanifu Limited