22/04/2026
Kenyan regulators will now require lenders to prove borrowers can repay before issuing loans, a major shift in a market defined by instant loan approvals through mobile apps and automated scoring systems.
The new rules are contained in a March 2026 Financial Consumer Protection Framework draft backed by the Central Bank of Kenya, the Capital Markets Authority (CMA), and the Communications Authority of Kenya (CA), and would apply across banks, fintechs, and mobile money providers.
It would require lenders to check income, expenses, and existing debt and document whether a borrower can afford a loan before issuing it, applying the same requirement across banks, fintechs, and mobile money providers.
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