The Assets Recovery Agency claimed that shell companies were also incorporated in Kenya for purposes of taking advantage of the liberal financial system to launder funds.
In Uganda and Nigeria, SafeBoda has debuted its car-hailing service, SafeCar. Unlike its rivals, trips with SafeBoda's Car are non-negotiable and cashless; customers have to pay through the in-app SafeBoda Wallet. More in #TCDaily.
Kenya authorities have dropped lawsuits against three Nigerian companies, Avalon Offshore Logistics Limited, OIT Africa Limited, and RemX Capital Limited, after their bank accounts were frozen over suspicion of money laundering and crime.