Mogo Kenya Fined for Unethical Practices: A Closer Look at Digital Lending in Kenya
Kenya’s competition authority has recently fined Eleving’s Kenyan subsidiary, Mogo Kenya, for misleading customers in what marks another instance of unethical practices among digital lenders in the country. The fine of $84,120, imposed by the Competition Authority of Kenya (CAK), comes after a year-long investigation and reveals the ongoing exploitation of borrowers, despite new regulations […]