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Originally published by The Standard Business
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March 1, 2026
3h ago

How Kenyans lost Sh10bn through shadowy investments

How Kenyans lost Sh10bn through shadowy investments

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

✨ Key Highlights

Kenyans have reportedly lost a staggering Sh10 billion over the past two decades due to fraudulent investment schemes, with small-scale traders bearing the brunt of these losses.

  • Over 150,000 Kenyans lost more than Sh8 billion in pyramid schemes between 2004 and 2007.
  • The consumer protection survey indicates that about 82 percent of investors in dubious high-return schemes lost their money.
  • Notable victims include investors in collapsed property companies like Simple Homes Developers Consortium, which left behind over Sh500 million in losses.

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