Monday, August 20, 2018

Safaricom in ‘advanced talks’ to take M-Pesa to Ethiopia

Kenya’s telco giant Safaricom is in “advanced talks” with the Ethiopian government to introduce its popular M-Pesa mobile money service to neighbouring Ethiopia, a market...

Jeff Bezos Becomes the Richest Man in Modern History, Topping $150 Billion

The Amazon.com Inc. founder’s net worth cracked $150 billion in New York on Monday, according to the Bloomberg Billionaires Index. That’s about $55 billion...

Turkish lira hits record low against the dollar

Turkey’s currency tumbled late on Wednesday below its May low, nearing 5 lira to the dollar, amid a sharp deterioration in investor sentiment. Late in...

Pakistan Confirms Place on Terror-Financing Watch List

Pakistan on Thursday confirmed it had been placed on the Financial Action Task Force's "gray list" over its alleged failure to choke off terror-financing,...

Dahabshil Bank Trains Staff, Officers on Internal Control and Risk Management

Dahabshil Bank International (DBI) has conducted a seven-day training for its staff and officers on internal control and risk management. The training was conducted by...

Somaliland: Dahabshiil CEO Abdirashid Duale among Business leaders attending World Economic Forum 2018

Mr. Abdirashid Mohamed Duale, CEO, Dahabshiil Group was among the leaders from the private sector attending the World Economic Forum 2018 in Davos, Switzerland. The Dahabshiil Group...

Somaliland and the Death of Cash

After nearly three decades in the economic and political wilderness, Somaliland, the self-declared country that broke away from Somalia in 1991 at the start...

Roxbury heist target handles cash for African immigrants

The Roxbury money exchange business targeted in Tuesday’s gunpoint robbery of $420,000 in cash has outlets across the country and caters to African immigrants,...

Kenya: Dahabshiil Calls for More Aid for Starving Somalis

A leading money transfer firm has rallied corporates, individuals and governments to join hands and support thousands of Somalis hit by prolonged drought. While it...

Advisory group expresses concerns on Somalia’s Simatech port contract

An advisory committee that monitors Somalia’s public finances says it is concerned about a possibly unfavorable contract between the Ministry of Ports and UAE...

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Torpedoing Africa, and then complaining about ‘migration’

European countries are still shaping the lives of millions of Africans, determining both their present and future. Out of the 67 coups in 26 African...

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...