Monday, August 8, 2022

Somalia: Premier Bank Launches Money Transfer Wallet in Mogadishu

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Premier Bank has launched Wallet Send, a new international money transfer service that allows customers to send money overseas. The new Premier Wallet feature permits...

World’s Poorest Bear the Brunt of Conflict, Cost-of-living, Clmate Change

Asharq Al-Awsat has asked Under-Secretary-General for Humanitarian Affairs and Emergency Relief Coordinator Martin Griffiths about the three biggest threats the world’s poorest collectively face....

Inside UAE’s Plan to Control African Ports Business Through DP World

DP World has offered to develop and operate transport logistics services in the ports of Mombasa, Lamu and Kisumu and Naivasha as the firm...

System Making Doing Business in Somaliland Easier Launched

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The business registration and licensing reform was supported by the Somali Investment Climate Reform Project II (SICRP2), managed by IFC and funded by the...

Somaliland: Bedeschi to Build New MSG Group Cement Plant

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Italy-based Bedeschi is preparing to help build a new US$60m cement plant for MSG Group. It has agreed with subsidiary Horn Holding Group to...

Somaliland to Slide Back to Hurricane-lamp Ages After August

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Nights will be significantly darker in Somaliland, as the country’s electricity association announces electricity rationing to begin on August 1st. Due to the growing...

Islamic Development Bank, ISDB Collaborate with SPARK on Somaliland Post-COVID19 Negavive Impact

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HARGEISA, Somaliland--(BUSINESS WIRE)--Somalis have experienced years of struggle, climate shocks and disease outbreaks in recent years. COVID-19 has worsened the situation as well, with...

Ukraine President Says Russia Invasion Holds Africa Hostage

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“Africa is actually taken hostage” in Russia’s invasion of Ukraine amid catastrophically rising food prices, Ukrainian President Volodymyr Zelenskyy told the African Union continental...

Inflation, Government Debt, and Taxes Degrade African Economies

Today it is conclusive that Africa's socialist experiments failed, as did the state-led development approach. Not only was the heavily statist approach unable to develop African...

Ethiopia: Organized Crime Pours Cold Water On Coffee Exports – Analysis

Ethiopian law prohibits the sale of export-quality coffee locally. Despite this, the country – regarded as the birthplace of coffee according to the legend of ‘Kaldi...