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Episode 104: Demonetization 101

Episode 104: Demonetization 101

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Episode 104: Demonetization 101

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Episode 104: Demonetization 101           Episode 104: Demonetization 101          
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    In June 2019, the Central Bank of Kenya (CBK) announced that it would be phasing out the current generation KES 1,000 note by 1st October 2019. On that date, it will cease to be legal tender. This is in an effort to curb illicit financial transactions, including money laundering; address … READ MORE

    Episode 92: Where Does Our Stolen Money Go?

    Episode 92: Where Does Our Stolen Money Go?

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    Episode 92: Where Does Our Stolen Money Go?

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    Episode 92: Where Does Our Stolen Money Go?           Episode 92: Where Does Our Stolen Money Go?          
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      According to Ethics and Anti-Corruption Commission (EACC) and National Treasury reports in 2016, it was estimated that a third of Kenya’s national budget was lost through corrupt dealings annually. That would mean that in 2018/19, we can reasonably expect to lose KES 1 trillion, if not more, to corruption. Much … READ MORE