Sunday, August 19, 2018

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...

For Western Union, Refugees and Immigrants Are the Ultimate Market

“One million Syrian customers,” CEO Hikmet Ersek says. “Do you think they will ever forget Western Union?” Early in the summer of 2014, executives at Western...
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Somaliland: Dahabshiil Donates towards Developmental Projects in Gabiley Region

Dahabshiil group of companies this week made cash donations towards several ongoing developmental projects in Gabiley region. Mr. Mahmoud Haji Osman Abdillahi and Mr. Farhan...

Money Transfer Agents Brace For Possible Fallout From Proposed US Remittance Tax

Money transfer agencies in Jamaica are bracing for a possible fallout if a proposed tax on remittances from the United States takes effect. Acting general...

UAE expats to pay more for sending money home

Remittance fee has been increased to "cope with rising cost" of doing business. A few leading money exchange houses in the UAE have increased remittance...

Dahabshiil CEO calls on Somalis to accelerate drought response, waives commission on remittances

Abdirashid Duale, CEO of Dahabshiil Group, announced that Dahabshiil Money Transfer (DMT) and all its affiliates and associate companies all over the world will...

Diaspora Remittances: Changing the Lives of Women in Abudwaaq, Somalia

Diaspora remittances are a lifeline for many in Somalia. In 2015 it was estimated that a total of USD 1.4 billion was sent back...

Mixed Views as Zimbabwe Diaspora Remittances Down 15%

Zimbabweans in and out of the diaspora have mixed views on why remittances sent to Zimbabwe from various nations, through formal channels like banks...

Money transfer firm Dahabshiil not deregistered, Says CBK

The Central Bank of Kenya has dismissed reports circulating in social media that money transfer firm Dahabshiil has been deregistered by the Kenya government. CBK...

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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...
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Somaliland: PORT OF BERBERA RECEIVES NEW EQUIPMENT TO INCREASE CAPACITY – Press Statement

Somaliland economy to benefit from an increase in cargo volume and speed of operations Global trade enabler DP World has expanded its strategic presence at the Port...