Kenya shuts down Somali remittance firms, freezes accounts

NAIROBI (Reuters) – Kenya has suspended the licences of 13 Somali remittance firms following the massacre at a Kenyan university last week, Somalia’s central bank governor said on Wednesday, and Kenyan media reported that dozens of bank accounts had been frozen.

KenyaThe killing of 148 students by Somalia’s al Shabaab at Garissa, some 200 km (120 miles) from the border, has piled pressure on President Uhuru Kenyatta to deal with the Islamists who have killed more than 400 people in Kenya in the last two years.

Kenya’s biggest selling Daily Nation newspaper said on Wednesday that the government has “frozen the accounts of 86 individuals and entities suspected to be financing terrorism in the country”, including Somali remittance firms.

Somalia’s central bank governor Bashir Issa Ali told Reuters that 13 Somali money transfer firms have been officially notified by Central Bank of Kenya (CBK) about the closure of accounts. He said the move would have a devastating impact Kenya’s Somali community, numbering just over one million people.

“It’s going to hurt Somalis in Kenya more than Somalis in Somalia. The amount of money sent from abroad to Kenya is huge,” Ali said, pointing out that many Somalis in Kenya rely on relatives abroad for basics including school fees.

The owner of one Somali money transfer firm told Reuters the Kenyan government has not suspended remittance firms’ bank accounts but that the CBK had instead revoked their licences. “Last night we simply received a notice, without discussion and without informing us (beforehand),” said the owner. “This is not the way to fight terrorists.”

Kenya’s Foreign Minister Amina Mohamed told Reuters on Tuesday told Reuters that the east African nation is seeking additional foreign intelligence and security help after the Garissa massacre, the deadliest attack in Kenya since al Qaeda bombed the U.S. embassy in 1998, killing more than 200 people.

 

Related Posts
Zuma tells SA an effective turnaround plan is needed to boost the economy
SA NEEDS an effective turnaround plan to address its challenges and put its economy on an accelerated growth path, President Jacob Zuma said in his state of the nation address ...
READ MORE
Brazil’s kingmaker topples Dilma Rousseff and becomes king
BRASILIA — Michel Temer used to be known in Brazil as a behind-the-scenes operator. That was before he triggered a bid to topple his boss, Dilma Rousseff, and took her ...
READ MORE
Obama agrees to Syria talks with Putin
President Barack Obama has agreed to meet Vladimir Putin in New York to discuss Syria and Ukraine, bringing to an end a year-long effort by the White House to diplomatically ...
READ MORE
Time for Africa to stand on its feet: Mnangagwa
Zimbabwean Vice President Emmerson Mnangagwa said it is time for Africa, with its rich resources, to economically “stand on its feet,” a process in which China can provide assistance to ...
READ MORE
Are India and Pakistan on the brink of a water war?
Tensions between India and Pakistan are on the rise, and while all eyes are on the Kashmir dispute, another conflict between the subcontinent's two nuclear powers is brewing – over ...
READ MORE
Zambian ex-minister jailed for graft
Lusaka - Zambia's former mines minister, Maxwell Mwale, was jailed for corruption on Friday, in a rare case that prompted calls for a wider crackdown on graft among public officials. Mwale, ...
READ MORE
Zuma signs law prohibiting public servants doing business with state
JOHANNESBURG - Public servants doing business with the state will be prohibited by law. This, after President Jacob Zuma signed into law the Public Administration Management Act, 2014. Act No. 11 ...
READ MORE
Kenya says son of government official was among terrorist gunmen attack
GARISSA, Kenya (Reuters) - The son of a Kenyan government official was one of the masked gunmen who killed nearly 150 at a university last week, the interior ministry said ...
READ MORE
Picture of Rwandan President Paul Kagame driving Morocco’s King to airport goes viral
A picture of Rwanda's President Paul Kagame driving Morocco's King to the airport has gone viral. The picture was first posted on Kagame's official Facebook page on 31 October. The Rwandan ...
READ MORE
South African opposition seeks court order to bar military from parliament
CAPE TOWN (Reuters) - South Africa's opposition Democratic Alliance said on Friday it was seeking a court ruling on the deployment of armed soldiers in parliament saying the move, during ...
READ MORE
Zuma tells SA an effective turnaround plan is
Brazil’s kingmaker topples Dilma Rousseff and becomes king
Obama agrees to Syria talks with Putin
Time for Africa to stand on its feet:
Are India and Pakistan on the brink of
Zambian ex-minister jailed for graft
Zuma signs law prohibiting public servants doing business
Kenya says son of government official was among
Picture of Rwandan President Paul Kagame driving Morocco’s
South African opposition seeks court order to bar

Arts & Entertainment

Arts & Entertainment

TLC to release first album without late Lisa ‘Left Eye’ Lopes

28th February 2017 Staff Reporter 0

Fans of TLC will rejoice to hear that the r’n’b ’90s much-loved girl group are due to unveil their long-awaited final album this summer. The manager of surviving members Rozonda ‘Chilli’ Thomas and Tionne ‘T-Boz’ […]