Kenya's Stolen Billions: Illicit Financial Flows Cost Nation Staggering Sh243B Annually!
A recent report indicates that Kenya is facing substantial economic losses, with Sh243.2 billion—or 1.5 percent of its economy—being siphoned off through illicit financial flows (IFFs). This highlights a critical challenge to the nation's financial stability.Pelumi Ilesanmi • Across Africa • 9 months ago • 1 minute read •
A new report has shed light on significant financial losses incurred by Kenya due to illicit financial flows (IFFs). According to the findings, the nation is losing an estimated Sh243.2 billion, which is equivalent to 1.5 per cent of its total economy, through these unauthorized and often illegal movements of money. This substantial figure underscores a critical economic challenge facing the country.
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