My previous post about Equity Bank talked about the bank firing about 200 employees after the loss or misappropriation of 1.5 billion shillings. There were then further reports that the number of staff to be fired is about 1,200, either in addition to the earlier 200, or in total. Either way, that is close to… Read More »
The Bank of Uganda is the country’s central bank. In November 2024, there was a heist at the bank. Initial reports suggested a cyberattack by hackers, but subsequent investigations and reports suggested an inside job. In a statement on its website, the bank said there was “fraudulent activity that resulted in international payments being diverted… Read More »
In December 2023, a lady who runs a makeup business in Nairobi posted online about how her now-former employees had been stealing from her company. She said it was well-planned theft and the group had stolen millions of shillings in one year alone. The employees would tell clients that the official mobile money number was… Read More »
In November 2024, the United States Attorney for the District of Connecticut announced that a man named Evan Bobzin was sentenced to 24 months of imprisonment, followed by three years of supervised release, for theft and tax offences related to stolen money totalling about 2 million US dollars. It was stated that from July 2013… Read More »