×
App Icon
The Standard e-Paper
Kenya’s Boldest Voice
★★★★ - on Play Store
Download App

Consumers lobby sues Commercial Bank of Africa (CBA) over Mshwari mobile loan charges

NAIROBI, KENYA: The Consumers lobby group has finally sued Commercial Bank of Africa (CBA) over the controversial mobile loan rates.

Through a class action suit filed on Tuesday, the Consumer Federation of Kenya (Cofek) also sued the market regulator, the Central Bank of Kenya (CBK) for what it terms as non-compliance with the lending rates on Mshwari service.

Get Full Access for Ksh299/Week.
Fact‑first reporting that puts you at the heart of the newsroom. Subscribe for full access.
  • 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