Crowdfunding on the spot as lack of clear policies fuel confusion, fraud

Gladys Kamande, a patient who raised some Sh9.5 million for her treatment.

The embarrassing dispute between an ailing woman and an activist last week over millions of shillings fund-raised for her treatment has raised concern about the lack of regulations on crowdfunding.

Crowdfunding is the process of funding a project or venture by raising monetary contributions on the internet from the public. It has been fast gaining momentum since 2012.