Nigerian fintechs Korapay and Kandon have been cleared of all money laundering allegations in Kenya. In July, Kenya's Asset Recovery Agency (ARA) obtained a court order to freeze Ksh 44.5 million in the fintechs account. More in #TCDaily.
Hackers drained Airtel Uganda's systems of nearly Ush 8 billion ($2.1 million) after using malware to force the software to approve transactions. The hack occurred through one of Airtel Money's clients, a betting organisation. More in #TCDaily.
The Kenyan government wants to tax crypto transactions. It is making a new amendment to the capital markets bill to introduce a 20% excise tax on every crypto transaction fee charged in the country. More in #TCDaily.