Simon Karanja News Today

Police said investigations have been launched

Kandon Technologies, a Nigerian tech company, has been cleared of money laundering and card fraud allegations laid against it by Kenyan authorities earlier in July, according to documents seen by TechCabal.

The Kenyan Directorate of Criminal Investigation (DCI) has said that there’s currently no evidence to prove Kora guilty of all allegations. 

Last week, Flutterwave was accused of money laundering in Kenya. Barely a week later, Nigerian-owned fintech Korapay and liquidity management provider Kandon Technologies Limited also received lawsuits for the same accusations and it appears the three cases are connected. Kenya’s Asset Recovery Agency (ARA) filed two suits against the businesses…

Kenya accuses more Nigerian companies of fraud–Korapay, Kandon and 7 others. Netflix to introduce ads for cheaper plans. Read about it on TC Daily.

Kenyan authorities have frozen accounts with Sh45 million ($381,000) worth of funds belonging to two Nigerian companies, Korapay Technologies Limited and Kandon Technologies Limited, for allegedly siphoning Sh6 billion ($51 million) into the country.

According to ARA, the Nigerian firms are shell companies incorporated in Kenya for purposes of taking advantage of the liberal financial system to launder funds.

A Kenyan high court has frozen more than Sh6.2 billion spread in 62 bank accounts belonging to Flutterwave and four Kenyans.

he incubation period for rabies is typically two to three months but may vary from one week to a year

Many hotels in Mombasa, Kilifi and Kwale have seen a 90 per cent booking of local tourists, as Kenyans take advantage of the suspension of lock down.