Kenya’s KCB Group fires staff over fraud as cases drop sharply

KCB Group, Kenya’s largest bank by assets, dismissed 60 employees in 2025 over fraud, nearly doubling the number of staff fired in the previous year, even as the lender reported a decline in fraud incidents and losses.

The lender said in its 2025 sustainability report that the employees were linked to schemes targeting both the bank and its customers, up from 34 dismissals recorded in…