Kenya must up its game in the fight against Money Laundering and Illicit Financial Flows

By Edwin Birech and Gerald Omumbo – Officers at Transparency International Kenya Two weeks ago, the world woke up to a damning investigative expose by Al Jazeera dubbed ‘Gold Mafia’-detailing how the gold smuggling business is done in Zimbabwe, especially where local and foreign banks are used as conduits to launder money. More startling is […]

Beneficial Ownership Transparency in Africa a Reality for All

By Sheila Masinde, Maurice Nyambe and Robert Mwanyumba Financial secrecy in Africa is an ever-present reality as jurisdictions such as Kenya and Rwanda continue to set up and operationalise on-shore financial centres. Both operations are vague and in the case of Kenya, divulging information on the operations of the Financial Centre is met with punitive […]