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Originally published by The Standard BusinessMarch 1, 2026
3h ago
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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