Trade-based money laundering a hidden threat to Kenya’s economy

Kenya stands at a crossroads. The same globalisation that is creating new export opportunities is also increasing exposure to complex financial risks.

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Small and medium-sized enterprises (SMEs) are the lifeblood of the economy. They make up more than 98 percent of businesses, employ about 14.9 million Kenyans, and contribute roughly 40 percent of the GDP.

SMEs are the engines of innovation, employment, and household income, the very foundation of Kenya’s Vision 2030 and the African Continental Free Trade Area.

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Note: The results are not exact but very close to the actual.