Friday, August 19, 2022

Kenyan Forex Scammer Swindles Somalia MPs of US$ 59mln

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About twenty Federal Republic of Somalia MPs were left in a lurch after a swindler, only identified as Abdalla disappeared with an estimated Ksh6...

SCAMMED! False Forex Traders Lure Victims Through Social Media Platforms

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A great number of sham Forex traders, using sponsored adverts on social media, continue to filch millions of hard-earned savings of hapless 'investors' As soon...

Somaliland Central Bank Invites Ethiopian Banks

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The Financial and Investment Act has been finalized to open up a space for foreign financial institutions and investors to operate in the de...
Somaliland Cabinet of Ministers - Somtribune

Somaliland Council of Ministers Approve 2020 Budget Forecast

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The Republic of Somaliland's cabinet of ministers unanimously approved the 2020 budget forecast the Minister of Finance Development presented to the Council Monday. The Ministry...

Somaliland Banking and Finance Conference Gets Underway

Major Somaliland banking and other financial institutions got together, today, at Maansoor Hotel Hargeisa for a two-day 'Banking and Finance Conference' that, according to...

Somaliland-Born Entrepreneur Ismail Ahmed Takes On US Remittance Firms Western Union, MoneyGram and Ria

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The World Bank puts the market for personal transfers at $689bn in 2018, and about $529bn of that was sent to people in developing...

Kenya: Barclays ATMs Lose KShs11 mln to Robbers

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Police are investigating circumstances under which at least Ksh.11 million was stolen from three Barclays Bank ATMs at different locations in Nairobi. According to police,...

To Purge Counterfeited Shilling, Somalia seeks Outside Help

Somalia is seeking the services of a Nairobi-based currency expert seconded by the International Monetary Fund (IMF) as it looks to issue a new...

Somaliland: Ex-Finance Minister Challenges the $80-Million Debt PAC Announced, Calling it a ‘fabrication’

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On Monday, following a meeting between the Public Accounts Committee (PAC) of the House of Representatives and the Minister of Finance, Dr. Sa'ad Ali...