How Kenyans lost Sh10bn through shadowy investments

Comfort Homes Director Hezekiah Kariuki addresses participants on financial literacy during an investors forum in Ruiru, Kiambu County. [Wilberforce Okwiri, Standard]

Kenyans have lost an estimated Sh10 billion to fraudulent investment schemes, with small-scale traders forming the bulk of victims.

The losses, documented over two decades, reveal a costly habit among entrepreneurs who repeatedly put money in ventures they do not understand, abandoning the businesses that sustain them.