Sunday, August 19, 2018

UAE to pledge $2 billion in projects for Somaliland

The Government of the United Arab Emirates is expected to announce a $2 billion investment and development package for the Republic of Somaliland, according...

Kenya: Using public land as collateral for loans wrong ; Credit policy needed

Reports that Kenya Railways (KR) has allowed 10 private firms in Mombasa to borrow more than Sh45 billion from local commercial banks using its...

Somaliland: Dahabshiil donates 80K to the drought effort, government takes similar step

At a ceremony held at the headquarters of the Somaliland Chamber of Commerce, Industry, Fisheries and Agriculture, Dahabshiil Group contributed generously towards the drought relief...

World Bank-Backed Committee Urges Somalia to Nix Fish Deal

A World Bank-backed committee criticized a deal in which a company partly owned by Saladin Security Ltd. was granted the rights to manage all...

Deliverus beats five finalists in Dahabshiil-sponsored entrepreneurship competition

Startup Deliverus on Tuesday evening emerged from a field of 5 finalists and 60 entrants as the winner of the first +254 Rising entrepreneurship competition. The...

Government of Kenya fully satisfied that Dahabshiil is compliant and poses no risk

An official Kenyan Government Gazette notice has given Dahabshiil Kenya's compliance systems a clean bill of health.  The Gazette officially removes Dahabshiil Kenya from the government's list, published earlier this year, of people and businesses who...

Organizers of the Somaliland Fisheries Expo Award Dahabshiil Group

The organizers of the Somaliland fisheries and marine resources expo awarded Dahabshiil Group for its role in encouraging sector development through its investment programs.The...

Efficient, affordable remittance systems critical for growth of Africa

Remittances became a key issue in improving the economy of East Africa as the World Economic Forum came to an end this weekend in...

DP World may develop port in Puntland, President Abdiweli says

President Abdiweli Mohammad Ali said he travelled to Dubai last week to discuss the concession. The government of Somalia’s semi-autonomous region of Puntland may award...

Volatile shilling puts Central Bank of Kenya on edge

The shilling-dollar exchange rate Friday continued to edge towards 103 after the Central Bank of Kenya on Thursday said it was closely monitoring the...

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Zakia Hussein: Somalia’s First General and Deputy Police Commander

Somali President Abdullahi ‘Farmajo’ Mohamed, has appointed Zakia Hussein to the position of general and deputy chief of the Somali Police Force. Zakia becomes the first...

Chief Guterres Says UN Budget Is In Deficit, Warns of Consequences

Letter sent to member states by António Guterres reveals $139m deficit in core budget António Guterres, the UN secretary general, has warned that the organisation...
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Somaliland: PORT OF BERBERA RECEIVES NEW EQUIPMENT TO INCREASE CAPACITY – Press Statement

Somaliland economy to benefit from an increase in cargo volume and speed of operations Global trade enabler DP World has expanded its strategic presence at the Port...