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    Tuesday, April 15

    Ecobank Kenya loses millions of dollars on card fraud

    Muthoga MunganiaBy Bank No Comments2 Mins Read

    Ecobank Kenya lost millions of dollars between 2020 and 2022 following the failure of its card operations team to upload critical transaction files exposing the lender to fraud.Revelations from an internal report by the bank, a task force appointed in 2023 highlighted the weaknesses that saw the lender lose millions to merchants and employees. The...

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    Muthoga Mungania is an award-winning, Nairobi-based multimedia journalist covering economic, corporate, financial, tech and investor relations matters among other business stories. Muthoga is seasoned in data and market analysis, corporate finance, and economic trends, making them a trusted voice in East African business journalism, communications and consultancy.

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