Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.


Economic crimes rife in Kenya: Report

26 February 2014, 13:25

Nairobi - A new report has seen the country register a decline in incidences of economic crime but still ranks Kenya negatively in the global rankings.

“The proportion of Kenyan respondents who experienced economic crime since the last survey in 2011 has reduced,” stated the report.

It found that 52 percent of Kenyan respondents in the current survey reported having experienced some form of economic crime, against the previous survey in 2011 where the incidence was higher at 66 percent of respondents in their organizations.

“Although we have seen a decline in the reported economic crime at organizational level the few that actually suffered economic crime had a higher frequency of incidences and what that says is that there was a two-fold increase in terms of organizations that reported having suffered eleven to a hundred incidences over the last two years,” said forensics leader, Muniu Thoiti.

He added that the survey has seen an equally dramatic in terms of organizations that suffered loses between a hundred thousand dollars to five million dollars so 61 per cent of the respondents in the survey reported that the crimes were committed by internal fraudsters.

According to the report there were 124 respondents in Kenya this year compared to 91 in 2011 and 53 in 2009.

Respondents from Kenya accounted for 21 percent of Africa survey respondents and 53 percent for East Africa region.

– CAJ News

For the latest on national news, politics, sport, entertainment and more follow us on Twitter and like our Facebook page!

Tags kenya

Read News24’s Comments Policy

Comment on this story
Comments have been closed for this article.

Read more from our Users

Submitted by
Eugene Odanga
WATCH: Kaka Sungura arrested in t...

Was Kaka Sungura arrested in town?

Submitted by
Victor Tinto
Confused Jubilee afraid of me, Ki...

The Jubilee Party is afraid of me, Evans Kidero says. Read more...

Submitted by
Victor Tinto
Sonko ready for Peter Kenneth bat...

Nairobi Senator Mike Mbuvi Sonko says that he is ready to take on Peter Kenneth in Nairobi Gubernatorial nominations come 2017. Read more...

Submitted by
Victor Tinto
Uhuru wants change in Constitutio...

The Jubilee Coalition is planning to change the Constitution and add President Uhuru Kenyatta another term, Kalonzo Musyoka claims. Read more...

Submitted by
William Korir
CORD to stop Jubilee efforts to r...

The CORD Coalition will not allow plans to remove Kenya from the Rome Statutes take place, it has said. Read more...

Submitted by
William Korir
How long will it take Kenya to le...

Kenya is looking to leave the ICC. But what is the process behind the exit? Read more...