KPMG report: Kenya rated most corrupt in East Africa

Kenya is among four countries with the highest incidences of fraud in Africa, says a new index by the global consultancy firm KPMG.

The report titled KPMG Africa Fraud Barometer 2012 indicates thatKenya, Zimbabwe, South Africa and Nigeria make up 74 per cent of all fraud cases reported in Africa.

In the East African region, Kenya stands out with 7.75 per cent of reported fraud cases, well ahead of Uganda, 2.98 per cent, and Tanzania, 2.78 per cent.

Most fraud in Kenya targets government and financial sectors as elsewhere on the continent.

However Kenya has the highest number of reported fraud cases compared to her East Africa neighbours.

“Fraud and misappropriation is high in the East African region, as is bribery and corruption.

But we believe that a lot of cases are never reported,” says William Oelofse, KPMG’s East Africa Director responsible for Forensic Services.

While fewer cases are reported in South Africa, the overall value of these cases is far greater in Nigeria.

While South Africa has the highest number of reported cases of fraud, the value of these cases is less than the value for Nigeria.
Source: New Times of Rwanda, http://www.newtimes.co.rw
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