Consumer lobby to challenge court verdict on cheap loansConsumer Federation of Kenya Secretary General Stephen Mutoro in Nairobi in December 2018. Debate on the ruling, which caught many borrowers by surprise, will now move to the Court of Appeal and not to the floor of the National Assembly as had been directed by the High Court. “Further, it is public knowledge that both CBK and KBA have had several press conferences and skewed mainstream media commentaries in their bare-knuckled constant attacks on the interest rate capping. SEE ALSO :Court says internet shutdown during protests, illegal“The court did not consider the spirit of the law, they considered the technicalities,” he said at the weekend. Boniface Oduor, the petitioner, has asked the court to determine the constitutionality of the provisions of the Banking (Amendment) Act No.

Source: Standard Digital March 18, 2019 21:54 UTC