Flutterwave, the largest payments firm in Africa by value, has been trying to enter the Kenyan market for some time now. It seems that this dream will soon become a reality, following an announcement that it will establish its primary operations station in Nairobi for the larger East African market.
It should be noted that Flutterwave has not had an easy time in this market, having been previously and allegedly accused of taking part in money laundering activities in Kenya. As a result, the corruption watchdog, the Ethics and Anti-Corruption Commission (EACC), shut down several of its bank accounts in the country. The development saw the state freeze over USD 52 million of Flutterwave’s funds. However, the issue was quickly addressed after CEO Olugbenga Agboola made a stop in Kenya a couple of weeks ago.
However, his arrival and eventual departure from the country only achieved a single goal: the release of the frozen…
