Kenya banks taken to court over interest rates

Activist Omkia Omtata at the supreme court. He says that they are still duping their customers with an excess of 1.6 per cent. (PHOTO: WILLIS AWANDU/ STANDARD)

Banks might be forced to further lower interest rates on loans if a case filed by an activist is successful.

Banks have lowered their interest rates to 14.5 per cent in compliance with the new law but the petitioner, Okiya Omtatah, says that they are still duping their customers with an excess of 1.6 per cent.