Monday, October 18, 2021

Pandora Papers: Secret Tax Havens of World Leaders, Celebrities Revealed

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Millions of leaked documents reveal the financial secrets of how world leaders, billionaires and celebrities use tax havens. Tony Blair, Ukraine's Zelenskyy and Shakira...

Dahabshiil, AECF Partner to Support SMEs in Somali Regions

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With operations in Kenya, the two are keen to grow businesses in the region Africa' s money transfer company, Dahabshiil through its subsidiary MicroDahab micro...

Somaliland President Receives World Bank, TMEA, DfID and UK Delegations

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The President of the Republic of Somaliland, His Excellency Musa Bihi Abdi, today, international delegations on an official visit to the country. A statement by...

WorldRemit Raises $292 Million Revaluing Group at $5 Billion, Rebrands Has Zebz

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The funding round will allow Zepz to maximise strategic flexibility and drive further growth Zepz, formerly WorldRemit, a digital cross-border payments platform operating two market-leading...

Somaliland: DP World Offers Ethiopia First Freight Operation in 20 Years Through Berbera

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The UAE has rendered a great service to Ethiopia, through the port of Berbera in Somaliland, by allowing the Ethiopian ship “Phoebe” for the...

World Bank to Lend Kenya $750 Million Within Two Weeks Time

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Kenya will in the next two weeks receive a loan of $750 million from the World Bank that was approved in 2019, the country's...

Africa’s Digital Payments Race Becomes a Scramble

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The prospect of a cashless Africa has triggered a scramble for control of its payments plumbing. The continent’s top telecoms operators have become big...

COVID-19 Catapults Somaliland Remittance from the Traditional to Digital Platforms

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COVID-19 has transformed Somaliland’s remittance lifeline. Remittances were projected to crash at the start of the pandemic, but in Somaliland COVID-19 created an opportunity...

Negative PR, Aid Agencies of Harm to Somaliland – WorldRemit Founder

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Aid agencies are hindering development and undermining efforts to attract investment in Somaliland, according to a former World Bank and UN official turned entrepreneur. Ismail Ahmed, founder...

Somalia Awards License to Hormuud EVC-Plus

The Central Bank of Somalia (CBS) said it has awarded the first mobile money license to a telecom company as the Horn of African...