×
App Icon
The Standard e-Paper
Kenya's Bold Newspaper
★★★★ - on Play Store
Download Now

Rid Kenya of unlicensed forex dealers

The Central Bank of Kenya has issued a caution on trading with unregistered foreign exchange dealers. The warning has come amid the proliferation of outfits that are aggressively marketing themselves as genuine forex traders and drawing thousands of Kenyans into giving them money to invest.

An investigation that Sunday Standard carried out in May revealed that some of these dealers have no licences to show and instead cite their association with shadowy international firms to dupe their clients.

Get Full Access for Ksh299/Week
Unlock the Full Story — Join Thousands of Informed Kenyans Today
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in