Central bank revokes cash service provider’s trading licence

Central Bank of Kenya (CBK) governor Patrick Njoroge. FILE PHOTO | NMG

Kendy, a pan-African money service provider that has been operating in Kenya since 2014, has lost its trading licence, setting stage for the firms closure.

Central Bank of Kenya (CBK) governor Patrick Njoroge in a gazette notice dated April 9, 2020 said Kendy Money Transfer Ltd’s licence was revoked on February 14, 2020.

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