financial security - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Banking fraud losses hit Sh1.59bn as threats rise

Sacco ReviewOctober 28, 202606 mins

Kenya’s banking sector is facing mounting pressure as reported fraud losses rise. Mobile and online banking are emerging as key channels exploited by criminals. Regional statistics reveal the scale of financial fraud across East Africa. Kenya’s banking sector lost approximately Ksh1.59 billion to reported fraud in 2024, as increasingly sophisticated cyber threats put pressure on…

Generational wealth: Building a legacy that lasts

Sacco ReviewJune 17, 2026June 17, 202609 mins

In many societies, success is often measured by what one acquires during one’s lifetime. However, true financial success goes beyond personal comfort and extends to creating opportunities for future generations. This is the essence of generational wealth. Generational wealth refers to assets, resources, and financial advantages that are passed down from one generation to another….