Thursday, June 4, 2020

‘I became a whistleblower and lost my job’: the remarkable story of WorldRemit founder...

Poor experiences in sending money abroad inspired Ismail Ahmed to build WorldRemit – now it's on the verge of becoming a unicorn A refugee from...

CBE’s remittance revenue outweighs income from direct international trade

Ethiopia gets USD 3.63 billion from remittances sent via the state owned Commercial Bank of Ethiopia (CBE) until the third quarter of the budget...

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...

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...

Losing faith in own currency? 10 countries where a loaf of bread costs a...

How often does the worst happen, when the people of the nation have lost faith in the value of their currency? More often than...

Turkish lira hits record low against the dollar

Turkey’s currency tumbled late on Wednesday below its May low, nearing 5 lira to the dollar, amid a sharp deterioration in investor sentiment. Late in...

Somalia Looks For More Foreign Aid, Debt Relief Without Accounting for Missing Cash

Secretary of State Hillary Clinton said in a January 2010 speech that "development was once the province of humanitarians, charities, and governments looking to gain allies...

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

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

Nigeria’s Akinwumi Adesina Elected as African Development Bank President

Akinwumi Adesina, who served as Nigeria’s agriculture minister in the outgoing government of Jonathan Goodluck, has been elected as the new president of theAfrican...

Somaliland’s world-leading move towards a cashless culture

A breakaway region in the Horn of Africa isn’t the obvious setting for a technological revolution Abdul Rashid has sold sweet Somali tea on the...

Latest article

Somaliland: Covid19 Update for June 3

The Ministry of Health Development of the Ministry of Health Development of the Republic of Somaliland has, today, Wednesday, made it known that 18...

Somalia: Puntland Rejects Clan-based Election Model

The much-anticipated polls in Somalia suffered yet another blow on Monday, with Puntland President Said Abdullahi Deni rejecting the popular clan-based electoral model, which...

Political, Security Gains In Somalia Could Be Reduced By Virus

Devastating floods, swarms of desert locusts and the continuing widespread impact of the coronavirus have struck residents in Somalia. Devastating floods, swarms of desert locusts...