Kenya: Politicians Term Limit on Campaign Finance as Wrong

Politicians have resorted to keeping millions of shillings in their houses or using their trusted friends to withdraw money from their accounts beyond the Sh1 million cap imposed by the Central Bank, it has emerged.

With campaign expenses ranging from millions to billions of shillings, depending on whether one is vying for a parliamentary seat or the presidency, it has become necessary to devise ways of circumventing the Central Bank guidelines introduced last year to fight money laundering.

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