Kenyan court freezes Burundian firm’s $274,000 in money-laundering case

The Kenyan Court of Appeal upheld the freeze of $274,369.56 belonging to EIS Afrika Group Ltd, held at I&M Bank, as the Assets Recovery Agency (ARA) pursues forfeiture, alleging money laundering. The ARA claims the funds are proceeds of crime from cross-border transfers. In June 2025, the High Court had dismissed the forfeiture application, ruling that the agency failed to prove its case. EIS Afrika Group contends the money is from its Burundian affiliate for a World Bank-funded border post project between Burundi and DR Congo.