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The Euro Bank Scandal is a scandal that in February 2003, caused a political storm in Kenya after the collapse of Nairobi Based Euro Bank. [1] This resulted in a loss of 1.4bn Kenyan shillings (£11.6m; $18m) which state organisations had deposited in the Bank.
On the weekend of 30 April – 1 May 1977 a bank robbery took place at the Standard Bank in Krugersdorp, South Africa. The robbers gained access to the bank vault by digging a tunnel underneath the building. Over R 400,000 (equivalent to over R 19.5 million in 2018) was stolen in the robbery.
Bank robbery is commonly associated with the American Old West due to a few infamous examples and portrayal in fiction. The Foundation for Economic Education (FEE) in their research, found the scene of the Western bank-robbery to be generally a myth, identifying less than 10 definite bank robberies between 1859 and 1900 across 15 frontier states.
Crime in Kenya. There is a high crime rate in all regions of Kenya. Petty offences are the most common crime with stealing being the most reported crime. Robbery and theft are among the least cited criminal offences. Crime in Kenya is as low as in countries like Tunisia with a rating of 3.46 crimes per 100,000 people.
The Standard is one of the largest newspapers in Kenya with a 48% market share. It is the oldest newspaper in the country and is owned by The Standard Group, which also runs the Kenya Television Network (KTN), Radio Maisha, The Nairobian (a weekly tabloid), KTN News and Standard Digital which is its online platform.
University of Nairobi (Bachelor and Master) Oxford University (PhD) Occupation (s) Economist, columnist, journalist. Spouse. Mwende Gatabaki. David Ndii (born in Kiambu, Kenya) is an economist, a columnist, and an author. The Telegraph has described him as "one of Africa's best known economists and an outspoken anti-corruption crusader".
Goldenberg scandal. The Goldenberg scandal was a political scandal where the Kenyan government was found to have subsidised exports of gold far beyond standard arrangements during the 1990s, by paying the company Goldenberg International 35% more (in Kenyan shillings) than their foreign currency earnings. Although it notionally appears that the ...
KSh 32.4 billion (2013) [3] Website. www .stanbicbank .co .ke. Stanbic Holdings Plc, formerly known as CfC Stanbic Holdings Limited, is a financial services organization in Kenya. The Group's headquarters are located in Nairobi, Kenya, with subsidiaries in Kenya and South Sudan. Stanbic Holdings is a member of the Standard Bank Group, a ...