Friday, November 16, 2018

Ethiopia adjusts foreign exchange regulations: Here is what’s new

Ethiopia has done made major adjustments to its foreign exchange regulations in a bid to cure an acute shortage of especially dollar bills. Prime Minister...
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Somaliland: Central Bank Denies Mint of New Notes, Plans to Migrate to Polymer Money

The Central Bank of Somaliland dismissed rumors that it planned to bring new bank notes at a time the country was still reeling under...

Somalia searches international market for a suitable central bank governor

Somalia seeks to recruit internationally for the position of Central Bank governor which will become vacant on November 1, the finance minister Dr. Abdirahman...

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...

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The most successful Somali people aren’t outside Africa

An aspiring entrepreneur Hodan Nalayeh felt Western media lacked nuance on Somalia and launched her own YouTube channel to counter oversimplified or exaggerated media...

‘Shelter homes:’ Understanding Imran Khan’s initiative for Pakistan’s homeless

Mian Shahbaz cannot say exactly how old he is or how long he has been living on the outskirts of Lahore’s iconic Data Darbar....

SEMG UN Report: What did it say about Somaliland?

The United Nation's Somalia and Eritrea Monitoring Group (SEMG) submitted its 2018 report to the Security Council earlier during the week. As usual, the report...