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Kenya to Unban Somalia-linked Money Transfer Firms
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18.06.2015
Kenya's President Uhuru Kenyatta has said that money transfer firms will be unbanned, once the central bank unveils new guidelines for their activities.
He made the pledge in a Ramadan message to Muslims, who have been worst affected by the ban.
The government shut 13 Somalia-linked firms in April, saying it wanted to prevent militant Islamists from using them to finance attacks.
Kenyans Somalis accused the government of blanket punishment. Somalis around the world rely heavily on the firms to do business and send cash to relatives in Somalia, where the banking sector is almost non-existent.
Mr Kenyatta, in his message to mark the Islamic holy month, said he had noted proposals to lift the ban on the firms.
He made the pledge in a Ramadan message to Muslims, who have been worst affected by the ban.
The government shut 13 Somalia-linked firms in April, saying it wanted to prevent militant Islamists from using them to finance attacks.
Kenyans Somalis accused the government of blanket punishment. Somalis around the world rely heavily on the firms to do business and send cash to relatives in Somalia, where the banking sector is almost non-existent.
Mr Kenyatta, in his message to mark the Islamic holy month, said he had noted proposals to lift the ban on the firms.
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