US sanctions bus firm, 15 others over Sh14bn Shabaab funding

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Al-Shabaab militants in a training session. PHOTO | REUTERS

The owner of a bus services company that plies Mombasa Western Kenya route from Nairobi is amongst 16 entities and individuals whom the United States has sanctioned for allegedly funding al-Shabaab terrorist group to the tune of Sh14 billion ($100 million) annually.

The Kenya-based businessman FYD, an Islamist banker, has been red-flagged as a conduit for funding al-Shabaab through close links to a network of firms and individuals based in Kenya, Uganda, the United Arab Emirates, Cyprus and Finland.

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