How officials transfer money to own accounts

>The Office of the President is in the spotlight over suspicious transfer of Ksh8.3 billion into and out of government’s secret security accounts. Large transactions happened during the 2013 transition, raising audit concerns.

Kenya's President Uhuru Kenyatta promises to unban Somalia-linked money firms once the central bank sets new guidelines for their operations.

The Ministry of Industry and Trade has asked financial institutions to increase usage of mobile phones in their services to accelerate access to financial services by majority of entrepreneurs.

Kenya's government orders the closure of 13 money transfer firms suspected to be used by militant Islamists, a minister tells the BBC.

Johannesburg/Nairobi – MTN Group and Bharti Airtel today announced a cross-border remittance partnership that seeks to remove the hassles of transferring money between Ivory Coast and Burkina Faso for the operators’ Mobile Money customers on either side of the border. The landmark partnership will enable Mobile Money customers of MTN Ivory Coast and Airtel in Burkina Faso to easily transfer money between the...

>Mobile phones customers are no longer subjected to excise duty on money transfers through banks, non-bank financial institutions and telecommunications companies.

 In an apparent show of growing rift between the two organs of the East African Community (EAC), the Secretariat yesterday faulted a report which claimed wasteful expenditure during 2012/2013.