Saturday, July 24, 2021

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...

American Attorney Charged for Stealing Millions from Somalia Government Assets

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A Maryland attorney has been indicted on charges he engaged in a scheme to fraudulently obtain more than $12.5 million in Somalia government assets...

Somalia: Donors Responsible for 61% of 2021 Somalia Budget

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Somalia Cabinet approves 46% rise in 2021 budget to $671.8 Million. Over half of the budget will come from international donors (61%). Somalia's cabinet approved...

Virus Resurgence Sees World Central Bankers Stick to Gloomy Tone

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Global central bankers are under no illusion that they’re through the fallout from the coronavirus, issuing fresh warnings about new government restrictions, struggling recoveries...

Does Somalia Have a National Currency?

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The absence of policy-making on the shilling reform, and the continuing failure to recognize its importance, is illustrative of the wider failure of thinking...

Concealed Records Reveal Years of Trump Tax Evasion, Chronic Losses

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The Times obtained Donald Trump’s tax information extending over more than two decades, revealing struggling properties, vast write-offs, an audit battle and hundreds of...

The US Cancels US$1 Billion Debt Somalia Owed It

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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...