Monday, September 24, 2018

African Millionaire At 23, He Lost It All, Then Built It From Scratch

Alpesh Patel has a sharp eye for business and a silver tongue. It’s easy to believe the mobile entrepreneur is king of the corporate...

Flawless diamond sells for $22.1m in New York

A flawless 100-carat diamond has sold for $22.1m (£14.8m) at Sotheby's auction house in New York. The gem, originally mined by De Beers in South...

Suspending Money Transfers to Somalia Hurts the Poor, Not Terrorists

Earlier this month, Kenya suspended the licenses of 13 Somali money transfer agencies operating in Nairobi in a bid to limit funding to al-Shabab...

India tops remittances at $70-bn: World Bank

International migrants from developing countries are expected to send $440 billion in remittances to their home countries in 2015, a World Bank study has...

WESTERN UNION: 60 PERCENT OF OUR CUSTOMERS ARE MIGRANTS DOING REMITTANCES

Roughly 60 percent of Western Union’s customers are now migrants sending money back to their home countries — and the shape of that remittance...

Ethiopia: Court to Hear Witnesses on 5m Br Suit against Xpress Money, Abyssinia Bank

Bank of Abyssinia was sued as a second defendant for posting the pictures in all of its branches across the country The Lideta Federal High...

IMF nations point to exchange rate, geopolitical risks

The International Monetary Fund's member nations on Saturday warned of risks to the global economy from exchange rate shifts and geopolitical tensions as they...

Seattle Mayor Murray proposes joint resolution with City Council to find solutions to Somali...

Mayor Ed Murray transmitted a proposed joint resolution to Seattle’s City Council affirming the City’s support of Somali communities who seek to care for...

Posh Hospitality Facility Opens at Dahabshil Business Centre

The Somaliland Hospitality Industry is home to a new posh facility dubbed Damal Hotel. Occupying the three upper...

Nokia agrees to pay €15.6 billion for French rival Alcatel-Lucent

Nokia confirmed Wednesday it is acquiring the ailing French telecom company Alcatel-Lucent through a public exchange offer in France and the United States, in...

Latest article

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...

Sexual misconduct disgraces ‘America’s Dad’

Bill Cosby’s downfall from “America’s Dad” to convicted felon will reach its final chapter in a Pennsylvania courtroom on Monday, when a judge will...

Djibouti cannot act as if DP World port concession is terminated: Court

Court extends Order to prohibit interference with DP World’s right to manage Doraleh Container Terminal S.A. (“DCT”) The High Court of England and Wales in...