Saturday, September 21, 2019

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...

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...

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...

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...

Dahabshil Bank International concludes a fruitful Customer Service Week

Dahabshil Bank International (DBI) is committed to implementing apt suggestions made by its customers. This was revealed during a dinner that DBI hosted for its clients...

Banks Rule the World, but Who Rules the Banks?

These days, it is already a truism that the hegemony of the US is based on the Federal Reserve System’s (FRS) printing press. It...

​Iranian bank joins SWIFT breaking blockade

Iran's Day Bank has announced joining the SWIFT transaction system, which facilitates worldwide bank transfers. The private system cut off Iranian financial institutions in...

Bank of China fraud: Italy seeks trial for 300 people

Italian prosecutors want to indict the Bank of China's Milan branch and almost 300 people over a money-laundering scheme.Prosecutors in Florence allege €4.5bn ($5.1bn,...

US: A Moral Case for Putting a Stop to Payday Lending Abuses – Whitehouse...

Summary: Senior members of the Obama Administration meet with religious leaders to discuss the moral obligation for stronger consumer protections. Today, we hosted a remarkable group...

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...

Latest article

Somaliland: Warta-Burale Village Builds Own Dam

Fadumo Osman is among the 6,000 women and men living in Warta-Burale village in Somaliland who decided they could no longer wait for outside...

The Long Read: Somaliland’s Quest To Defuse A Climate ‘Timebomb’

When Hawo Mohamed woke one morning to find about a dozen of her goats dead, she knew her life as a herder was coming...

Did President Farmajo of Somalia Cancel Planned Visit to U.S.?

Somalia President, Mohamed Abdullahi Farmajo, has cancelled his planned trip to New York this week as the Horn of Africa nation faces political crisis...