By Eniola Daniel 04 February 2023 | 9:33 pm Kenya has withdrawn the financial impropriety case against Flutterwave almost seven months after a court in the East African nation froze the bank accounts of one of Africa’s biggest startups. Kenya has withdrawn the financial impropriety case against Flutterwave almost seven months after a court in the East African nation froze the bank accounts of one of Africa’s biggest startups. The withdrawal of the charges was noted in a Kenyan High Court document. Dropping the case will come as a boost to the financial technology company, which plans to expand its services of facilitating cross-border transactions in multiple currencies for companies, including Alibaba’s Alipay, and Uber Technologies Inc. The court in July restricted access to its Kenyan bank accounts holding more than $40 million, amid suspicion of financial impropriety, allegations the firm denied. Latest 1 day ago Kenya has withdrawn the financial impropriety case against Flutterwave almost seven months after a court in the East African nation froze the bank accounts of one of Africa’s biggest startups. 1 day ago No fewer than 12,500 residents in five communities at the Epe axis in Lagos State would benefit from the solar mini-energy project embarked upon by the Lagos State Government; A4&T Power Solutions Limited and Ikeja Electric PLC. The groundbreaking ceremony of the interconnected solar mini-grid was done recently. 1 day ago Oyo State Governor, ‘Seyi Makinde, has announced the deployment of free Omituntun transport buses to ease the pains of the people of the state from the twin crisis of naira and fuel scarcity that have been the lot of Nigerians in recent weeks. 1 day ago Senator Bola Tinubu’s presidential spokesman, Dr Josef Onoh has described the prevailing Naira scarcity in the country as a policy solely trumped up by the governor of Central Bank of Nigeria (CBN), Mr Godwin Emefiele, from an aggrieved concept to derail the political process after he failed to achieve a presidential aspiration. Onoh said that… 1 day ago A “generational” Arctic blast brought dangerously cold temperatures to swaths of the northeastern United States and Canada on Saturday
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