Friday, November 16, 2018

REPORT: Money Keeps Moving Toward Somalia, Sometimes In Suitcases

Some financial companies in the U.S. resort to carrying cash on airplanes to keep remittances flowing to needy Somalis. The closing of one of the...

Those Who Leave Somalia Need Remittance Too

We’d get the most calls starting two weeks before Ramadan. Advancements in long-distance calling made shouting unnecessary, but my parents shouted anyway, as if...

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’s earnings from remittances on the rise

Demeke Atnafu, the Director General of the Diaspora Engagement at the ministry said the country received $ 4 billion in remittances in the first...

Bank AlJazira to open 60 world-class ‘Fawri’ money transfer centers

Fawri, a popular remittance wing of the leading bank of Saudi Arabia, Bank AlJazira (BAJ), has announced plans to open 60 model money transfer...

Survey of Diaspora Investment in Somaliland & Somalia

Money sent from the Diaspora provides essential support to some 41 percent of the population of the Somali territories, according to the most recent...

Regulation is keeping remittances unnecessarily expensive

A tax on the poor: The cost of international transfers  AFTER sweating through a day’s work under the hot Dubai sun, the last thing an...

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...

Faces of the Somali Remittance Crisis

It’s been three months since the start of the Somali remittance crisis, when Merchants Bank of California—the financial institution that facilitated 60 to 80...

Bahrain MP calls for more supervision on foreign remittances

An MP called to tighten the grip on foreign remittances to combat money laundering, it was announced yesterday.MP Dr. Jameela Al Sammak said in...

Latest article

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...