Consumer protection
CBK licenses 32 additional digital credit providers
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The Central Bank of Kenya (CBK) has licensed 32 additional Digital Credit Providers (DCPs), bringing the total to 227. CBK issued the announcement on April 14 pursuant to section 59(2) of the CBK Act. The move seeks to ensure adherence to laws protecting customers.
An event organizer from Kiel has likely lost his savings of 118000 euros in a fixed-term deposit scam. Two months after responding to an Instagram ad for a supposed Santander bank offer, he filed a police report for commercial fraud.
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The National Consumer Commission has referred FlySafair to the National Consumer Tribunal, citing unconscionable conduct in its flight overbooking practices. The move follows an investigation covering bookings from November 2024 to January 2025. More than 5,000 passengers were affected monthly during that period.