Saturday, September 24, 2022

IMF to Support Somalia Budget Until Fall

The International Monetary Fund has prolonged support for Somalia under its Extended Credit Facility to Aug. 17, giving itself time to consult with an incoming government, the lender said on...

Somalis Changed the face of Money Transfers Worldwide

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Somalia’s money transfer market is one of the most developed in the world, characterized by a large diaspora sending billions of dollars home in...
Shabaab Finance

Somalia: A Losing Game – Countering Al-Shabab’s Financial System

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Much has changed since Hiraal Institute’s 2018 report on the Al-Shabab financial system.1 The group’s capability in tax collection has improved, and complaints about...

Somalilanders’ Remittance Businesses Thrive Worldwide

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Cultural connections and digital channels underpin growth of money transfer services led by ethnic Somalis Thirty years ago, Ismail Ahmed snuck from then war-ravaged Somaliland into neighbouring...

Uganda to Surrender Entebbe Airport to Chinese Debt Snare

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Top Ugandan officials have been boxed into a corner of bother after lenders in China rejected their request to re-negotiate ‘toxic clauses’ in the...

Somalia: AG Reports Millions of Dollars Missing in Corruption

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Auditor General Mohamed Ali alias Afgoi has exposed missing millions of dollars from key departments within the Federal Government of Somalia , in what...

IMF Issues Conditions to Fund South Sudan

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The International Monetary Fund (IMF) says support to South Sudan’s ailing economy is pegged on the government’s willingness to open to an accountability probe. The...

Somaliland: UK ‘s CDC to Invest $1.7bn in Berbera, Dakar, Sokhna in Partnership with...

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CDC Group to invest $720m for minority stake in project in Egypt, Senegal and Somaliland The UK government’s development investment arm is to make the...

Kenya: Kenyatta Family Linked to Scandal of Tax-sheltered Offshore Accounts, Companies

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Uhuru and six members of his family secretly owned a network of offshore companies. President Uhuru Kenyatta's family has been linked to a freshly released...

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...