×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

Competition watchdog fines boda boda lender Sh10m for consumer breaches

Vocalize Pre-Player Loader

Audio By Vocalize

Motorbikes belonging to Members of Digital Boda Drivers and delivery Association parked during a security consultative Meeting on the issues affecting the industry at Nairobi Green Park terminus on Sunday, August 04, 2024. [File, Standard]

The Competition Authority of Kenya (CAK) has slapped Mogo Auto Ltd, a digital lender popular among boda boda operators, with a hefty fine for engaging in consumer breaches.

The regulator said the firm's operations were marked by "misleading representations and unconscionable conduct."

Premium Article

Get Full Access for Ksh299/Week.

Bold Reporting Takes Time, Courage and Investment. Stand With Us.
Continue Reading  →
What you get
  • Unlimited access to all premium content
  • Ad-free browsing experience
  • Mobile-optimised reading
  • Weekly newsletters & digests
Pay via
M - PESA
VISA
Airtel Money
Secure Payments Kenya's most trusted newsroom since 1902
Enterprise
From Boeing cockpit to truck seat: Building Africa's logistics backbone
By AFP 9 hrs ago
Business
France says G7 finance talks 'frank, sometimes difficult'
Business
Africa banks on continental trade agreement to rev up investments
Shipping & Logistics
How 300 containers were stolen from Mombasa port