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Lawmakers told to tame ‘greedy’ mobile lenders

Central Bank of Kenya Governor Patrick Njoroge when he appeared before the Senate ICT Committee on the protection of customer data by telecommunication companies at County Hall, Nairobi on Wednesday October 7, 2019. [Boniface Okendo,Standard]

The banking sector regulator now wants Parliament to draft a law to rein in mobile lenders whom it accuses of taking advantage of desperate Kenyans to charge exorbitant interest rates.

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