Tuesday, September 25, 2018

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...

eDahab adds Somaliland Shilling to its mobile wallet features

True to the management’s word,  Dahabshiil Group’s eDahab mobile money transfer  wing  added and put to the test additional features permitting the subscriber to...

Islamic Banking Lands In The Heart Of Europe

Despite a significant Muslim population, up to now Germany has been unchartered territory for Islamic banking, whose largest European hub is in London. But...

Mobile Money Vs ATMs, what is the result?

There is a lot of excitement around the use of mobile money these days, so much so that one is almost tempted to ignore...

Migration and Development: The $100 billion idea

Later this year the Financing for Development summit will take place in Addis Ababa. The discussion will focus on the post-2015 agenda and the...

Turkish central bank to remunerate dollar reserves

The implementation will start as of May 5th Turkey’s Central Bank announced on Saturday that it will remunerate dollar-denominated required reserves, reserve options and free...

Banking Africa’s Unbanked – Time For A Reality Check

Plenty of progress has been made on increasing the size of Africa’s banked population. The trouble is, from the amount of noise that is...

Thirteen Hawalas Closed Down In Kenya

Thirteen hawalas – informal money transfer services – have also been closed down. Hawalas are widely used by Somalis who depend on relatives abroad as...

Dahabshiil: How micro loans for solar pumps are a macro step forward

MicroDahab MFI, a microfinance subsidiary of Dahabshiil Group, has announced a collaboration with SolarGen Technologies to create the first ijarah thumma Iqtina (“lease to...

Islamic finance prospects in Africa promising

Islamic finance in Africa has been predicted to have a promising future following tremendous growth opportunities for the sector to flourish in Africa. Africa's strong...

Latest article

Gass shuffles cards as Puntland security undergoes unpredictable shifts

As Puntland inches nearer to the December presidential 'elections', security issues seem to be dominating attention more than should be the case in similar circumstances. Not...

Somalia: Assailants hit Puntland President where it hurts most killing one of his guards

A witness says assailants killed a member of Puntland Presidential guard unit and injured another in a shooting in the commercial city of Bossasso...

Somalia regional states’ leaders fail to turn up for meeting with Farmajo

Leaders of Somalia’s regional states did not turn up to a meeting with the country’s president which was scheduled to take place in the...