Wealthy Kenyans stash Sh96bn in Swiss banks

What you need to know:

  • The total amount went up 4.3 per cent to Swiss francs 950 million (CHF) or about Sh96 billion last year from 911.4 million or about Sh92.1 billion in 2016.
  • The new amount can fund the construction of three equivalents of Thika superhighway (50 kilometres each).

Money stashed by rich Kenyans in Switzerland banks rose last year even as pressure against financial secrecy by Swiss and Kenyan authorities mounted.

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