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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.