Central bank now pulls plug on FEP’s Mobikash

A Mobikash outlet in Nyeri. FILE PHOTO | NMG

The Central Bank of Kenya (CBK) governor has pulled the plug on mobile money retail platform MobiKash owned by troubled investment firm Fountain Enterprises Programme Holdings.

Mobikash ran into financial headwinds in recent years, just like many other operations of the chama currently preparing for a Sh2 billion cash call.

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