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...

Banking Africa’s Unbanked – Time For A Reality Check

Plenty of progress has been made on increasing the size of Africa’s banked population. The trouble is, from the amount of noise that is...

Roxbury heist target handles cash for African immigrants

The Roxbury money exchange business targeted in Tuesday’s gunpoint robbery of $420,000 in cash has outlets across the country and caters to African immigrants,...

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...

Pakistan Confirms Place on Terror-Financing Watch List

Pakistan on Thursday confirmed it had been placed on the Financial Action Task Force's "gray list" over its alleged failure to choke off terror-financing,...
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Somaliland number plates: Robbing taxpayers in the name of ‘change’

Members of the Somaliland House of Representatives Financial Audit and Economic Affairs Sub-Committee, today, rejected the Minister of Financial Development's introduction of new tariffs,...

Ethiopia: Court to Hear Witnesses on 5m Br Suit against Xpress Money, Abyssinia Bank

Bank of Abyssinia was sued as a second defendant for posting the pictures in all of its branches across the country The Lideta Federal High...

Somalia Amends Constitution To Accommodate Nomination Of Foreign Governor To Central Bank

Somalia stepped onto a new course that many see as 'treacherous' by starting the first of many-to-come initiatives to tailor the Federal Constitution to...

Ethiopia adjusts foreign exchange regulations: Here is what’s new

Ethiopia has done made major adjustments to its foreign exchange regulations in a bid to cure an acute shortage of especially dollar bills. Prime Minister...

The impact of Diaspora remittance on the Kenyan economy

Kenyans in the Diaspora are constantly sending money home. It could be for investments, or to support to family members left behind. Sometimes it...

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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...