Wednesday, July 17, 2019

Dahabshiil: How micro loans for solar pumps are a macro step forward

MicroDahab MFI, a microfinance subsidiary of Dahabshiil Group, has announced a collaboration with SolarGen Technologies to create the first ijarah thumma Iqtina (“lease to...

Dahabshiil helps Somalis re-build their communities

Shortly after the April 2 Garissa University College massacre, the authorities suspended the licences of all remittance firms, including my company, Dahabshiil. Dahabshiil is a...

Dubai Bank sinks under debt and violating regulator rules

The Central Bank of Kenya has placed Dubai Bank under receivership after the lender failed to repay money borrowed from other financial institutions to...

Moneygram hit with largest fine in Austrac’s history

The Australian Transaction Reports and Analysis Centre has levied its largest ever fine on one of the world's biggest remittance network providers, as a...

Islamic finance prospects in Africa promising

Islamic finance in Africa has been predicted to have a promising future following tremendous growth opportunities for the sector to flourish in Africa. Africa's strong...

Top 20 mPayment Companies in 2015 – Report

Will Apple Pay Disrupt the Regional Leaders in NFC, POS, eCommerce, mBanking, BLE, QR, MST, Mobile Money & mWallet? The latest report from business intelligence...

Mobile Money Vs ATMs, what is the result?

There is a lot of excitement around the use of mobile money these days, so much so that one is almost tempted to ignore...

Thirteen Hawalas Closed Down In Kenya

Thirteen hawalas – informal money transfer services – have also been closed down. Hawalas are widely used by Somalis who depend on relatives abroad as...

AfDB votes for president to guide bank through changing climate

Insiders said member states are divided on whether the AfDB should further concentrate its focus on attracting private financing to large-scale infrastructure projects or...

Can Nigeria’s Adesina snatch top AfDB job

The African Development Bank (AfDB) may be about to get its first president from its biggest shareholder – Nigeria. Africa’s largest country, which holds 9.3%...

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Somaliland Politicians Call For Massive Demonstrations Against The Saudi Kingdom, Switch to Iran, Qatar

Two Somaliland politicians, both of them top ex-leaders of the national armed movement which brought down the brutal military regime of General Siad Barre...

Viral FaceApp challenge ‘forbidden’, Muslim scholar says

An Islamic scholar has condemned a social media trend that has swept the Middle East and much of the world, arguing it goes against...

Somalia: Al Shabaab Picks Up Operations, Visibility

Determined to re-emerge as the only credible force to reckon with in business, in social activities and in security, the Al-Qaeda affiliated Somalia-based Al-Shabaab...