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…...
Trending
- IMF – Senegal: no vote was held on the waiver
- Infrastructure: MBTP SA confirms its presence in the DRC with two structuring projects
- Senegal: 10.1% increase in economic activity in July 2025
- Dividend 2024: Vivo Energy Côte d’Ivoire will allocate 5.390 billion CFA francs to its shareholders
- Senegal: IFAGE launches the first cohort of the Professional Certification in Reinsurance in Francophone Africa
- Casablanca Stock Exchange: Half-year profits soar to $2.53 billion
- Nigeria: Banks revise their savings rates after a record cut in the benchmark rate
- Breaking News: Devastating cyber-attack hits Senegalese tax system – 1 TB of stolen data
Ecobank Kenya loses millions of dollars on card fraud
Muthoga Mungania
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.
Add A Comment
About us
Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, give meaning to statistics….
Contact us: redaction@financialafrik.com