Friday, February 3, 2023

Cost of Living: End to Somali Remittances Lifeline?

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The cost of living crisis is leaving some communities struggling to send money back to families overseas, the BBC has found. Some of Bristol's Somali...

Somalia: Fire Devastates Kismayu Business Area Again

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At least five large warehouses, a countless number of stalls, and a number of smaller business buildings fell to the rage of a blazing...

Somaliland: Partnerships Key to Basketball Growth in Horn of Africa, Says Duale

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"The aim of the tournament is to connect local and foreign teams to help nurture talent in the country and by extension the region,"...

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...

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...