×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

Over 700 firms seek CBK licence amid crackdown on predatory digital lenders

CBK Governor Dr. Kamau Thugge before the National Assembly's Committee on Finance and National Planning in regards to the implementation of Central Bank Rate (CBR) at Bunge Towers, Parliament, Nairobi on March 25th, 2025. [Elvis Ogina,Standard]

More than 700 digital credit providers have applied to lend money via mobile phones, the banking regulator said yesterday.

This underscores the booming popularity and lucrative nature of mobile loans as Kenyans increasingly turn to them for financial survival. 

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in
By AFP 7 hrs ago
Motoring
Tesla loses EV crown to China's BYD in 2025 as sales slip
Business
Big ask for KRA as Treasury sets Sh3tr revenue target
Opinion
E-procurement will reduce inefficiency, graft
Business
Mbadi's Sh1tr domestic debt shocker in 2026-27 Budget