One private company, for instance, owed Postbank Credit Limited a total of Sh7.3 billion, while a cabinet minister owed Trade Bank limited a total of Sh0.7 billion. In the troubled National Bank of Kenya, a group of top-brass politicians and their companies topped the list of 87 debtors who owe the bank a staggering Sh8.4 billion. There are serious doubts as to whether this money will ever be recovered. Our considered opinion is that the banking industry has been robbed of much more than is known to the public. The tragedy is that the 'bank robbers' involved in this process number not more than 200.
Cattle rustling One of the most lucrative market ventures in Kenya today is cattle rustling.
Tabulations done by lkhalika Katumanga, a Ph.D candidate at the University of Bordeaux in Southern France reveals that an average of 3,300 cattle are stolen a month in the cattle rustling activities of northern Kenya. Given that each cattle has a conservative market value of Sh20,000, the total monthly returns from this activity amounts to Sh66 million. The annual returns from this activity according to this estimation is Sh0.8 billion. According to Katumanga, although these activities involve Kenya and its northern neighbours, almost all the stolen cattle end up in the Kenyan market. With the collapse of the Kenya Meat Commission, this bandit activity partly feeds the meat market in Nairobi and the rest of the country.