×
App Icon
The Standard e-Paper
Truth Without Fear
★★★★ - on Play Store
Download Now

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.

Get Full Access for Ksh299/Week
Bold Reporting Takes Time, Courage and Investment. Stand With Us.
  • 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

Related Topics

Forex Trading CBK