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List of All Saccos in Kenya

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Saccos have been lauded as one of the most convenient and effective methods to save and invest, especially for middle and low-income earners.

However, the number of cases involving Kenyans being conned by unscrupulous Saccos has been on the rise.

The recent victims are those who had saved with Ekeza Sacco which has been on the spot for the mismanagement of members’ funds.

While choosing a Sacco to save and invest your money in, it is important to do a background check to ensure it is legitimate and has a good track record.

The first step should be to ensure that your Sacco is registered under the Sacco Societies Act.

Kenyans.co.ke has compiled a detailed list of all the legitimately registered Saccos in Kenya for the year ending December 2019.

Customers lining up for service at a banking hall

 

LIST OF SACCO SOCIETIES LICENSED TO UNDERTAKE DEPOSIT-TAKING SACCO BUSINESS IN KENYA FOR THE FINANCIAL YEAR ENDING DECEMBER, 2019.

Name of Society and Postal Address

  1. 2NK Sacco Society Limited P.O. Box 12196 – 10109, Nyeri
  2. Afya Sacco Society Limited P.O. Box 11607 – 00400, Nairobi.
  3. Agro-Chem Sacco Society Limited P.O. Box 94 – 40107, Muhoroni.
  4. Airports Sacco Society Limited P.O. Box 19001 – 00501, Nairobi
  5. All Churches Sacco Society Limited P.O. Box 2036 – 01000, Thika.
  6. Amica Sacco Society Limited P.O. Box 816 – 10200, Murang’a.
  7. Ardhi Sacco Society Limited P.O. Box 28782 – 00200, Nairobi.
  8. Asili Sacco Society Limited P.O. Box 49064 – 00100, Nairobi.
  9. Azima Sacco Society Limited P.O. Box 1124 – 01000, Thika.
  10. Bandari Sacco Society Limited P.O. Box95011 – 80104, Mombasa.
  11. Baraka Sacco Society Limited P.O. Box 1548 – 10101, Karatina.
  12. Baraton University Sacco Society Limited P.O. Box 2500 – 30100, Eldoret.
  13. Biashara Sacco Society Limited P.O. Box 1895 – 10100, Nyeri.
  14. Biashara Tosha Sacco Society Limited P.O. Box 189 – 60101, Manyatta.
  15. Bi-High Sacco Society Limited P.O. Box 90 – 60500, Marsabit.
  16. Bingwa Sacco Society Limited P.O. Box 434 – 10300, Kerugoya.
  17. Boresha Sacco Society Limited P.O. Box 80 – 20103, Eldama Ravine.
  18. Capital Sacco Society Limited P.O. Box 1479 – 60200, Meru.
  19. Centenary Sacco Society Limited P.O. Box 1207 – 60200, Meru.
  20. Chai Sacco Society Limited P.O. Box 278 – 00200, Nairobi.
  21. Chuna Sacco Society Limited P.O. Box 30197 – 00100, Nairobi.
  22. Comoco Sacco Society Limited P.O. Box 3334 – 00200, Nairobi
  23. Cosmopolitan Sacco Society Limited P.O. Box 1931 – 20100, Nakuru.
  24. County Sacco Society Limited P.O. Box 21 – 60103, Runyenjes.
  25. Daima Sacco Society Limited P.O. Box 2032 – 60100, Embu.
  26. Dhabiti Sacco Society Limited P.O. Box 353 – 60600, Maua.
  27. Dimkes Sacco Society Limited P.O. .Box 886 – 00900, Kiambu.
  28. Dumisha Sacco Society Limited P.O. Box 84 – 20600, Mararal.
  29. Eco-Pillar Sacco Society Limited P.O. Box 48 – 30600, Kapenguria
  30. Egerton Sacco Society Limited P.O. Box 178 – 20115, Egerton.
  31. Elimu Sacco Society Limited P.O. Box 10073 – 00100, Nairobi.
  32. Enea Sacco Society Limited P.O. Box 1836 – 10101, Karatina.
  33. Faridi Sacco Society Limited P.O. Box 448 – 50400, Busia.
  34. Fariji Sacco Society Limited P.O. Box 589 – 00216, Githunguri.
  35. Fortitude Sacco Society Limited P.O. Box 237 – 40305, Mbita.
  36. Fortune Sacco Society Limited P.O. Box 559 – 10300, Kerugoya.
  37. Fundilima Sacco Society Limited P.O. Box 62000 – 00200, Nairobi.
  38. GDC Sacco Society Limited P.O. Box896 – 00216, Guthunguri.
  39. Good Faith Sacco Society Limited P.O. Box 224 – 00222, Uplands
  40. Goodway Sacco Society Limited P.O. Box 626 – 10300, Kerugoya.
  41. Gusii Mwalimu Sacco Society Limited P.O. Box 1335 – 40200, Kisii.
  42. Harambee Sacco Society Limited P.O. Box 47815 – 00100, Nairobi.
  43. Hazina Sacco Society Limited P.O. Box 59877 – 00200, Nairobi.
  44. IG Sacco Society Limited P.O. Box 1150 –50100, Kakamega.
  45. Ilkisonko Sacco Society Limited P.O. Box 91 – 00209, Loitokitok.
  46. Imarika Sacco Society Limited P.O. Box 712 – 80108, Kilifi.
  47. Imarisha Sacco Society Limited P.O. Box 682 – 20200, Kericho.
  48. Imenti Sacco Society Limited P.O. Box 3192 – 60200, Meru.
  49. Jacaranda Sacco Society Limited P.O. Box 1767 – 00232, Ruiru
  50. Jamii Sacco Society Limited P.O. Box 57929 – 00200, Nairobi.
  51. Joinas Sacco Society Limited P.O. Box 669 – 00219, Karuri.
  52. Kencream Sacco Society Limited P.O. Box 300131 – 00200, Nairobi
  53. Kenpipe Sacco Society Limited P.O. Box 314 – 00507, Nairobi.
  54. Kenversity Sacco Society Limited P.O. Box 10263 – 00100, Nairobi.
  55. Kenya Achievas Sacco Society Limited P.O. Box 3080 – 40200, Kisii.
  56. Kenya Bankers Sacco Society Limited P.O. Box 73236 – 00200, Nairobi.
  57. Kenya Highlands Sacco Society Limited P.O. Box 2085 – 002000, Kericho.
  58. Kenya Police Sacco Society Limited P.O. Box 51042 – 00200, Nairobi.
  59. Kimbilio Daima Sacco Society Limited P.O. Box 81 – 20225, Kimulot.
  60. Kingdom Sacco Society Limited P.O.Box 8017 – 00300, Nairobi.
  61. Kipsigis Edis Sacco Society Limited P.O. Box 228 – 20400, Bomet.
  62. Kite Sacco Society Limited P.O. Box 2073 – 40100, Kisumu.
  63. Kitui Teachers Sacco Society Limited P.O. Box 254 – 90200, Kitui.
  64. KMFRI Sacco Society Limited P.O. Box 80862 – 80100, Mombasa.
  65. Kolenge Tea Sacco Society Limited P.O. Box 291 – 30301, Nandi Hills.
  66. Koru Sacco Society Limited P.O. Box Private Bag-40100, Koru
  67. K-Pillar Sacco Society Limited P.O. Box 83 – 20403, Mogogosiek.
  68. K-Unity Sacco Society Limited P.O. Box 268 – 00900, Kiambu.
  69. Kwetu Sacco Society Limited P.O. Box 818 – 90100, Machakos.
  70. Lainisha Sacco Society Limited P.O. Box 272 – 10303, Wang’uru.
  71. Lamu Teachers Sacco Society Limited P.O. Box 110 – 80500, Lamu.
  72. Lengo Sacco Society Limited P.O. Box 1005 – 80200, Malindi.
  73. Mafanikio Sacco Society Limited P.O. Box 86515 – 80100, Mombasa.
  74. Magadi Sacco Society Limited P.O. Box 13 – 00205, Magadi.
  75. Magereza Sacco Society Limited P.O. Box 53131 – 00200, Nairobi.
  76. Maisha Bora Sacco Society Limited P.O. Box 30062 – 00100, Nairobi.
  77. Mentor Sacco Society Limited P.O. Box 789 – 10200, Murang’a.
  78. Metropolitan National Sacco Society Limited P.O. Box 871 – 00900, Kiambu.
  79. MMH Sacco Society Limited P.O. Box 469 – 60600, Maua.
  80. Mombasa Port Sacco Society Limited P.O. Box 95372 – 80104, Mombasa.
  81. Mudete Tea Growers Sacco Society Limited P.O. Box 221 – 41053, Khayega.
  82. Muki Sacco Society Limited P.O. Box 398 – 20318, North Kinangop
  83. Mwalimu National Sacco Society Limited P.O. Box 62641 – 00200, Nairobi.
  84. Mwietheri Sacco Society Limited P.O. Box 2445 – 60100, Embu.
  85. Mwingi Mwalimu Sacco Society Limited P.O. Box 489 – 90400, Mwingi.
  86. Mwito Sacco Society Limited P.O. Box 56763 – 00200, Nairobi.
  87. Nacico Sacco Society Limited P.O. Box 34525 – 00100, Nairobi.
  88. Nafaka Sacco Society Limited P.O. Box 30586 – 00100, Nairobi.
  89. Nandi Farmers Sacco P.O. Box 333 – 30301, Nandi Hills
  90. Nassefu Sacco Society Limited P.O. Box 43338 – 00100, Narobi.
  91. Nation Sacco Society Limited P.O. Box 22022 – 00400, Nairobi.
  92. Nawiri Sacco Society Limited P.O. Box 400 – 60100, Embu.
  93. Ndege Chai Sacco Society Limited P.O. Box 857 – 20200, Kericho.
  94. Ndosha Sacco Society Limited P.O. Box 532 – 60401, Chogoria
  95. New Forties Sacco Society Limited P.O. Box 1939 – 10100, Nyeri.
  96. Nexus Sacco Society Limited P.O. Box 251 – 60202, Nkubu.
  97. Ng’arisha Sacco Society Limited P.O. Box 1199 – 50200, Bungoma.
  98. Noble Sacco Society Limited P.O. Box 3466 – 30100, Eldoret.
  99. NRS Sacco Society Limited P. O Box 575 – 00902, Kikuyu.
  100. Nufaika Sacco Society Limited P.O. Box 735 – 10300, Kerugoya.
  101. Nyala Vision Sacco Society Limited P.O. Box 27 – 20306, Ndaragwa.
  102. Nyambene Arimi Sacco Society Limited P.O. Box 493 – 60600, Maua.
  103. Nyamira Sacco Society Limited P.O. Box 633 – 40500, Nyamira
  104. Nyati Sacco Society Limited P.O. Box 7601 – 00200, Nairobi
  105. Ollin Sacco Society Limited P.O. Box 83 – 10300, Kerugoya.
  106. Patnas Sacco Society Limited P.O. Box 601 – 20210, Litein.
  107. Prime Time Sacco P.O. Box 512 – 30700, Iten
  108. PUAN Sacco Society Limited P.O. Box 404 – 20500, Narok.
  109. Qwetu Sacco Society Limited P.O. Box 1186 – 80304, Wundanyi
  110. Rachuonyo Teachers Sacco Society Limited P.O. Box 147 – 40332, Kosele.
  111. Safaricom Sacco Society Limited P.O. Box 66827 – 00800, Nairobi.
  112. Sheria Sacco Society Limited P.O. Box 34390 – 00100, Nairobi.
  113. Shirika Sacco Society Limited P.O. Box 43429 – 00100, Nairobi.
  114. Shoppers Sacco Society Limited P.O. Box 16 – 00507, Nairobi
  115. Simba Chai Sacco Society Limited P.O. Box 977 – 20200, Kericho.
  116. Siraji Sacco Society Limited P.O. Box Private Bag, Timau.
  117. Skyline Sacco Society Limited P.O. Box 660 – 20103, Eldama Ravine.
  118. Smart Champions Sacco Society Limited P.O. Box 64 – 60205, Githingo
  119. Smart Life Sacco Society Limited P.O. Box 118 – 30705, Kapsowar.
  120. Solution Sacco Society Limited P.O. Box 1694 – 60200, Meru.
  121. Sotico Sacco Society Limited P.O. Box 959 – 20406, Sotik.
  122. Southern Star Sacco Society Limited P.O. Box 514 – 60400, Chuka
  123. Stake Kenya Sacco Society Limited P.O. Box 208 – 40413, Kehancha.
  124. Stawisha Sacco Society Limited P.O. Box 27 – 50203, Kapsokwony.
  125. Stima Sacco Society Limited P.O. Box 75629 – 00100, Nairobi.
  126. Supa Sacco Society Limited P.O. Box 271 – 20600, Maralal.
  127. Tabasamu Sacco Society Limited P.O. Box 123 – 80403, Kwale.
  128. TAI Sacco Society Limited P.O. Box 718 – 00216, Githunguri.
  129. Taifa Sacco Society Limited P.O. Box 1649 – 10100, Nyeri.
  130. Taqwa Sacco Society Limited P.O. Box 10180 – 00100, Nairobi
  131. Taraji Sacco Society Limited P.O. Box 605 – 40600, Siaya.
  132. Tembo Sacco Society Limited P.O. Box 91 – 00618, Ruaraka Nairobi.
  133. Tenhos Sacco Society Limited P.O. Box 391 – 20400, Bomet.
  134. Thamani Sacco Society Limited P.O. Box 467 – 60400, Chuka.
  135. The Apple Sacco Society Limited P.O. Box 153 – 50305, Sirwa.
  136. Times U Sacco Society Limited P.O. Box 310 – 60202, Nkubu.
  137. Tower Sacco Society Limited P.O. Box 259 – 20303, Ol’kalou.
  138. Trans- Elite County Sacco Society Limited P.O. Box 547 – 30300, Kapsabet.
  139. Trans Nation Sacco Society Limited P.O. Box 15 – 60400, Chuka.
  140. Transcounties Sacco Society Limited P.O. Box 2965 – 30200, Kitale.
  141. Transnational Times Sacco Society Limited P.O. Box 2274 – 30200, Kitale
  142. Ufanisi Sacco Society Limited P.O. Box 2973 – 00200, Nairobi.
  143. Ukristo Na Ufanisi Wa Anglicana Sacco Society Limited P.O. Box 872 – 00605, Nairobi.
  144. Ukulima Saco Society Limited P.O. Box 44071 – 00100, Nairobi.
  145. Unaitas Sacco Society Limited P.O. Box 38791 – 00100, Nairobi.
  146. Uni-County Sacco Society Limited P.O. Box 10132 – 20100, Nakuru
  147. Unison Sacco Society Limited P.O. Box 414 – 10400, Nanyuki.
  148. United Nations Sacco Society Limited P.O. Box 2210 – 00621, Nairobi.
  149. Universal Traders Sacco Society Limited P.O. Box 2119 – 90100, Machakos.
  150. Vihiga County Farmers Sacco Society Limited P.O. Box 309 – 50317, Chavakali.
  151. Viktas Sacco Society Limited P.O. Box 2183 – 20300, Nyahururu.
  152. Vision Africa Sacco Society Limited P.O. Box 18263 – 20100, Nakuru.
  153. Vision Point Sacco Society Limited P.O. Box 42 – 40502, Nyansiongo.
  154. Wakenya Pamoja Sacco Society Limited P.O. Box 829 – 40200, Kisii.
  155. Wakulima Commercial Sacco Society Limited P.O. Box 232 – 10103, Mukurweni.
  156. Wanaanga Sacco Society Limited P.O. Box 34680 – 00501, Nairobi.
  157. Wananchi Sacco Society Limited P.O. Box 910 – 10106, Othaya.
  158. Wanandege Sacco Society Limited P.O. Box 19074 – 00501, Nairobi.
  159. Washa Sacco Society Limited P.O. Box 83256 – 80100, Mombasa.
  160. Waumini Sacco Society Limited P.O. Box 66121 – 00800, Nairobi.
  161. Wevarsity Sacco Society Limited P.O. Box 873 – 50100, Kakamega
  162. Winas Sacco Society Limited P.O. Box 696 – 60100, Embu.
  163. Yetu Sacco Society Limited P.O. Box 511 – 60202, Nkubu.
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SCHEDULE II: RESTRICTED LICENSES FOR THE PERIOD ENDING 31ST DECEMBER, 2019

Name of Society and Postal Address

  1. Ainabkoi Sacco Society Limited P.O. Box 120 – 30101, Ainabkoi
  2. Goodhope Sacco Society Limited P.O. Box 158 – 20500, Narok.
  3. Jitegemee Sacco Society Limited P.O. Box 86937 – 80100, Mombasa.
  4. Jumuika Sacco Society Limited P.O. Box 14 – 40112, Awasi.
  5. Kenya Midland Sacco Society Limited P.O. Box 287 – 20400, Bomet.
  6. Nandi Hekima Sacco Society Limited P.O. Box 211 – 30300, Kapsabet
  7. Nanyuki Equator Sacco Society Limited P.O. Box 1098 – 10400, Nanyuki
  8. Orient Sacco Society Limited P.O. Box 1842 – 01000, Thika.
  9. Sukari Sacco Society Limited P.O. Box 841 – 50102, Mumias
  10. Telepost Sacco Society Limited P.O. Box 49557 – 00100, Nairobi
  11. Uchongaji Sacco Society Limited P.O. Box 92503 – 80102, Mombasa.

SCHEDULE II: RESTRICTED LICENSES FOR THE PERIOD ENDING 30TH JUNE, 2019

  1. Miliki Sacco Society Limited P.O. Box 43582 – 10100 Nairobi
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VIDEO: I was also diagnosed with Cancer before Collymore took over Safaricom, Michael Joseph opens up

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Acting Safaricom CEO Michael Joseph says he battled cancer during his stint at the telecommunications company between 2000 and 2010.

Joseph shared details of his battle with the disease during an interview with K24 TV on Tuesday evening.

Joseph, who has returned to the mobile service provider as interim CEO following the death of Bob Collymore, said he was diagnosed with colon cancer in 2003.

He was declared cancer-free after undergoing treatment for several months.

“Not many people know that am also a cancer survivor and that I was diagnosed with cancer in 2003 while still CEO of Safaricom. I am now a cancer survivor,” Joseph said.

Joseph was responding to a question about his plans on cancer, which has claimed the lives of many people in the country including former Safaricom CEO Collymore.

Collymore died at his Nairobi residence on Monday morning after battling with Acute Myeloid Leukemia, a rare type of cancer, for about two years.

“I don’t have any direct plans to do that (set up a cancer center) although they should probably know that Safaricom Foundation has spent a lot of money in the health field.”

“I am sure in the memory of Bob (Collymore), we will do more now in terms of preventing and helping the treatment of cancer,” stated Joseph.

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In an earlier interview with The Standard, Joseph said he at some point run the company from a hospital bed.

“It was a long drawn out affair and for some time, I ran Safaricom from a hospital bed. People would bring me advertisements to approve and all that and then they would be worried because I had tubes running all over my body,” Joseph explained.

 

 

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Beauty queen speaks out on ‘rape ordeal’ by ex-President

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A 23-year-old former beauty queen in The Gambia, Toufah Jallow, has said she was raped in 2015 by ex-President Yahya Jammeh when he was in office.

Her testimony is part of a Human Rights Watch and Trial International report that details another alleged rape and sexual assault by Mr Jammeh.

The BBC tried to contact Mr Jammeh, who now lives in exile in Equatorial Guinea, about the allegations.

A spokesman for his APRC party denied the accusations made against Mr Jammeh.

“We as a party and The Gambian people are tired of the steady stream of unfounded allegations that have been reported against our ex-President,” said Ousman Rambo Jatta, in a written statement to the BBC.

“The ex-president has no time to react to lies and smear campaigns. He is a very respectable God fearing and pious leader who has nothing but respect for our Gambian women,” the deputy APRC leader said.

Ms Jallow told the BBC she wanted to meet Mr Jammeh, 54, in court so he could face justice.

“I’ve really tried to hide the story and erase it and make sure it’s not part of me.

“Realistically I couldn’t so I decided to speak now because it is time to tell the story and to make sure that Yayha Jammeh hears what he has done.”

She said she also wanted to testify before The Gambia’s Truth, Reconciliation and Reparations Commission (TRRC), which has been set up by President Adama Barrow, who won elections in December 2016.

The TTRC is investigating human rights violations alleged to have been committed during Mr Jammeh’s 22-year rule, including reports of extrajudicial killings, torture and arbitrary detention.

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He was forced from office in January 2017 after regional powers sent in troops when he refused to give up power.

‘MARRIAGE REFUSAL’

Ms Jallow said she was 18 when she met Mr Jammeh after winning a beauty pageant in 2014 in the capital, Banjul.

In the months following her coronation, she said the former president acted as a father figure when they met, offering her advice, gifts and money, and also organising for running water to be installed in her family home.

Then at a dinner organised by an aide to thePpresident, she says he asked her to marry him. She refused and rebuffed other enticements from the aide to agree to the offer.

Ms Jallow said the aide then insisted she attend a religious ceremony at State House in her role as beauty queen in June 2015. But when she arrived, she was taken to the President’s private residence.

“It was clear what this was going to be,” she said, describing Mr Jammeh’s anger at her for rejecting him.

Ms Jallow says he slapped her and injected her in her arm with a needle.

“He rubbed his genitals in my face, pushed me down to my knees, pulled my dress up and sodomised me.”

‘PROTOCOL GIRLS’

The young woman says afterwards she locked herself at home for three days and then decided to flee to neighbouring Senegal.

Once in Dakar, the Senegalese capital, Ms Jallow sought the assistance of various human rights organisations. Weeks later, she was approved protection status and moved to Canada, where she has been living since.

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Human Rights Watch (HRW) and Trial International say Mr Jammeh had a system in place to abuse women, where some were put on the state payroll and worked at State House as so-called “protocol girls”, who had some clerical duties but were mainly on call to have sex with the President.

The BBC could not verify the allegation, but a former Gambian official, who agreed to speak on condition of anonymity, said he was aware of “inappropriate things” happening at the presidency: “Protocol staff were mostly women and they were hired to satisfy the President’s fantasies.”

He remembered seeing Ms Jallow at State House, sometimes at “odd hours”.

Another woman, hired as a protocol officer at the age of 23, told HRW she was forced to have sex with Mr Jammeh in 2015.

The woman, who asked not to be named, said that one day the president called her into his room: “He started undressing me and saying that he was in love with me, that he will do anything for me and my family, that I should not tell anyone because if I do I will face the consequences.

“I felt I had no choice. That day he slept with me without protection.”

‘HONOUR’

Another woman who worked as a protocol officer said that they knew if one of them was called it was for sex.

“Some wanted it. They felt honoured or wanted the money,” she told HRW on condition of anonymity.

She described how she was sexually assaulted by the President at his summer house, Kanilai, in 2013 when she was 22: “One evening, a presidential aide called me and told me to come with her to the president’s private apartment. He asked me to undress.

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“He told me that I was young and needed protection so he wanted to apply spiritual water on me.”

In an encounter the next day, she started crying as Mr Jammeh began to touch her body. He became angry and sent her away.

She says she was later sacked and a promised scholarship cancelled.

TRRC’S FOCUS

The TRRC’s mission is to establish a record of abuses committed during Mr Jammeh’s 22-year rule when it is alleged there were arbitrary detentions, enforced disappearances and torture against critics

Its 11 independent commissioners can grant reparations to victims.

Backed by the UN and funded by international donors, it began hearing testimonies in November 2018. Its motto is “Never again”.

TRRC’s Executive Secretary Baba Jallow has told the BBC that the commission, launched eight months ago, will focus on sexual violence in September.

“We are aware of allegations involving Jammeh but we have not heard victims on the record yet. Investigations have already started but at this stage we can’t say who is involved and how many victims there are,” he said.

Ms Jallow wants to create an atmosphere where women will feel safer to talk about rape and sexual assault: “It’s a step-by-step thing and the first part is to acknowledge it happened.

“When many other women speak up and it becomes safer and safer,” she told the BBC.

President Barrow has said he will await the report of the TRRC before considering whether to pursue Mr Jammeh’s extradition from Equatorial Guinea.

Source:nairobinews

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Conversion of Kenyan currency suspended in Uganda

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The governor visited Dr Ruto at his office at Harambee Annex, Nairobi to deliver the serial number 2 currency notes. Serial number 1 was given to President Uhuru Kenyatta on June 1, 2019, during Madaraka Day celebration. PHOTO | DPPS

Uganda has joined Tanzania in suspending the conversion of Kenyan Shillings as a measure to tame illicit cash flows.

In a statement issued on Monday, Bank of Uganda said it had been informed by the Central Bank of Kenya (CBK) that they have issued new banknotes effective May 31, 2019.

“Bank of Uganda will not accept Kenya Shillings at its counters with immediate effect,” Bank of Uganda said in a statement.

“Please be advised that changing Kenyan currency from old to new banknotes can only be done in Kenya,” the statement further read.

COUNTERFEITS

On Friday the Bank of Tanzania also suspended conversion of Kenyan currency to Tanzanian currency.

According to Tanzanian financial institution, they were advised to freeze the exercise by Central Bank of Kenya (CBK) in a move to tame illicit cash flows.

“With a view to combat illicit financial flows and counterfeits into the Republic of Kenya, the Bank of Tanzania has been advised to freeze CBK Currency Collection Account with immediate effect,’’ the statement read in part.

Source:nairobinews

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