Nigeria’s Flutterwave back to Kenya, tapping Egypt while eyeing North Africa

We may earn money or products from the companies mentioned in this post. please note that some of the links below are affiliate links, and at no additional cost to you, we will earn a commission when you use one of the links. The company pays us for referral link sharing, which helps us run this blog and give our in-depth content to our readers for free.

Kenya’s decision to withdraw a financial impropriety case against Flutterwave and unfreeze KSh6.6bn ($52.7m) funds has staged the comeback of the Nigerian payments giant in the East African country after almost seven months. More recently, the company got the all-clear to offer payments and money remittance services in Egypt, the beginning of its North Africa expansion.

Flutterwave’s anticipated return to Kenya follows an application by the Asset Recovery Agency (ARA) in December 2022 to withdraw the case before the High Court, clearing it of any laundering allegations that limited its operation in its second-biggest Kenyan market after Nigeria.

Your browser could not fetch this story

If you are reading this message your browser has Javascript disabled. Please enable Javascript in order to access to this story.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *