Terror linked financial institutions, business and individuals in Kenya will no longer have room to operate in the country as the government intensifies on fight against terrorism.
Intelligence reports confirm that terror group Al Shabaab was being funded by individuals and businesses which have now been frozen by the government.
Frozen financial institutions which have been channeling money to terror cells cover close to 50 percent of Somalia’s GDP.
In one way or the other, these jihadists have been receiving part of this money to fund their terror activities in Kenya, Uganda, Somalia and Tanzania.
The group has been claiming credit for some of the attacks staged in Kenya though the police have preempted several others.
Directive to close Hawalas, freeze accounts of Sabrin Bus Services, E Coach, G Coach and City to City bus which operate along the Nairobi-Garissa route will be held firm by the government.
Aid agencies and the Somalia government have expressed concern that the country is set to loose approximately US$1.3 billion following closure of these suspected financial institutions.
Somali Islamist group Harakat al-Shabaab al-Mujahideen was thrown out of Kismayu port where they used to conduct illegal sale of charcoal to finance their terror activities.
Their loss pushed them into demanding for ransom from the Kenyan government to pay their foreign fighters who have so far fled from the group after failing to be paid.
Intelligence findings indicate a high probability that Al Shabaab jihadists are planning to target on business franchise which will help them finance their terror activities in Kenya and Somalia.
