Sunday, April 22, 2018

Business Community raises importance of Remittances to Somalis with visiting DFID officials

Visiting DFID officials on Saturday met with members of the local business community among the prominent business people to discuss opportunities on investment and...

Khat traders in Kenya suspend all exports to Somalia

  Kenya has suspended exports of khat to Somalia. Somali Kenyan consumers rely heavily on imports of khat. In Kenya, the price of khat bag rose...

The Ethiopian Banking Boom

The last fiscal year had been one of growth and expansion for Ethiopia’s banking sector, though still dominated by the state owned Commercial Bank...

A clumsy US effort to de-fund terrorists is creating a humanitarian crisis in Somalia

Did the US Treasury Department just give a huge recruiting boost to Somali terrorist organization al-Shabaab? Treasury rules intended to combat money laundering have cut...

Kampala’s thriving trade in Europe’s second-hand clothes

In Uganda, second hand clothes still offer the best bargain. They are often of better quality - coming from Europe, Japan and the US...

AML Regulations: Can Somalia survive without remittances? + Related Video

A 2014 Worldbank blog revisited as the facts have not changed much since it was first published + A Video by Philip Ratha Remittances have...

The careless, astonishing cruelty of Barack Obama’s government

The US, it seems, couldn’t care less if it causes a humanitarian crisis in Somalia, one of the world’s poorest countries Let me introduce you...

France says it did not restrict UK from using HSBC files to pursue bank...

Tory minister and tax office boss told parliament failure to prosecute was due to restrictions imposed by French authorities France has cast doubt on claims...

HSBC’s response: ‘Standards of due diligence were significantly lower than today’

This is an edited extract from a statement issued by HSBC responding to revelations of misconduct at its Swiss bank In the past, the...

HSBC files show how Swiss bank helped clients dodge taxes and hide millions

Part I: Data in massive cache of leaked secret bank account files lifts lid on questionable practices at subsidiary of one of world’s biggest financial...

Latest article

DP World should rethink port deals in Somalia: Foreign Minister

DP World’s agreement “bypassed the legitimate authority” of Somalia Somalia’s foreign minister said on Friday that Dubai state-owned port operator DP World DPW.DI should reconsider its...

How African governments try to control what is said online

Some governments are muzzling social media—except when it supports them. IN THE West, when celebrities post revealing videos on Instagram, they may find themselves mocked...

Malawi can eradicate HIV infections says U.S. doctor who discovered AIDS virus

REUTERS: Malawi, which has one of the highest rates of the deadly HIV/AIDS infections, is on course to eradicate the virus, Jay Levy who...