(By Bonny Apunyu)
Following a directive from Kenyan President Uhuru Kenyatta issued on Thursday, some 13 money remittance firms or hawalas that were suspended by the Kenyan government two months ago over allegations of financing terrorism will soon be back to business.
According to Standard Digital, the Kenyan President, through a written statement from State House directed the Central Bank of Kenya to immediately issue comprehensive regulations that guide the operations of the firms, upon which their suspension would be lifted.
Among the money remittance firms that are set to reopen 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.
The Kenyan President reportedly said he made the decision after being briefed on the progress of the on-going investigations on the financing of terrorism and received the proposal to lift the suspension on the firms which are officially known as Money Remittance Providers.