Kenya lifts suspension of 13 money remittance firms include Dahabshiil Money Transfer Ltd, UAE Exchange Money Transfer Ltd, Kendy Money Transfer, Amal Express, Tawakal Money Transfer and Kaah Express
The Central Bank of Kenya on Monday officially lifted the suspension of 13 money remittance firms shut down two months ago over claims of financing Al Shabaab.
This comes four days after President Uhuru Kenyatta ordered CBK to immediately issue regulations governing the operations of the suspended firms and allow them back to business.
Anthony Wachira, CEO of the Kenya Forex and Remittance Association (KFRA), the umbrella body for the 13 money remittance firms, confirmed the lifting of the suspension on Monday evening.
“The respective firms have received communication from the CBK granting them leave to resume their operations. We express our happiness over this development. We will issue more details later,” he said.
Among the money remittance firms that are back in business include Dahabshiil Money Transfer Ltd, UAE Exchange Money Transfer Ltd, Kendy Money Transfer, Amal Express, Tawakal Money Transfer and Kaah Express.
Others are Jubba Express, Iftiin Express, Hodan Global, Amana Money Transfer, Bakaal Express, Continental Money Transfer and Flex Money Transfer.
Source: Standrad
