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Kenyans warned against forex trading, lure of quick money

Photo: Courtesy

The Coronavirus has had a huge impact on the economy and even though the country was partially reopened, some sectors have continued to suffer. A number of Kenyans have lost their jobs while others are surviving on slashed salaries.

As a result, many have sought alternative ways of raking in income, leading them to forex trading and other financial schemes. The Central Bank of Kenya on Tuesday warned Kenyans of the re-emergence of fraudulent and unlicensed financial schemes seeking to take advantage of unsuspecting citizens.

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Forex Trading CBK