The US Cancels US$1 Billion Debt Somalia Owed It
In a bilateral agreement the United States government signed with federal Somalia, Sunday, the US waived US$ 1 billion debt the latter owed it.
The...
Controls on Remittances Risk Driving Financial Flows to Somalia Underground
Remittance companies are a crucial mechanism for transferring cash to Somalia, where the fledgling formal financial sector remains largely isolated. Despite improvements, Somalia struggles...
African Development Bank Chief, Adesina, Cleared in External Misconduct Probe
Inquiry led by former Irish president dismisses claims against Akinwumi Adesina
An independent inquiry has cleared the president of the African Development Bank of misconduct,...
African Development Bank Grants Somalia $25 Mln for Better COVID-19 Response
The grant - like many international partners' overtures - dumps the whole sum on Somalia lap which assumes the Republic of Somaliland is excluded
The...
Somalia: What Stopped Hawala Flow From Minnesota?
COVID-19 has disrupted the international money-wiring system called hawala. And U.S. banks won’t do business with them. The result, one Minnesota hawala operator says:...
Somaliland: Dahabshiil Strongly Refutes WorldRemit Statement.
Top Dahabshiil management has in a press statement strongly refuted reports carried in a section of media that alleged World Remit has entered into...
Somalia: World Bank Approves $40 Million To Support Desert Locust Response
PRESS RELEASE
The World Bank Board of Directors today approved a $40 million International Development Assistance (IDA) grant for Somalia as part of the Emergency...
The Conditionalities of Aid and the Good Governance Agenda: The World Bank and its...
Abstract:-This paper endeavours to explain the good governance notion of the World Bank Group. It seeks to answer whether the bank fairly and impartially...
How Covid-19 is Affecting Remittances to Africa
Global remittances are projected to fall by 20% in 2020, according to a new report by the World Bank.
This decline is expected to have...
Kenyan Forex Scammer Swindles Somalia MPs of US$ 59mln
About twenty Federal Republic of Somalia MPs were left in a lurch after a swindler, only identified as Abdalla disappeared with an estimated Ksh6...