Friday, August 19, 2022

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

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

Somalia to get first World Bank loan in 30 years

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The World Bank has approved $80 million in loans to Somalia to fund public finance reforms, marking the first disbursement to the government of...

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,...

IMF to Support Somalia Budget Until Fall

The International Monetary Fund has prolonged support for Somalia under its Extended Credit Facility to Aug. 17, giving itself time to consult with an incoming government, the lender said on...

eDahab transforms financial system, promotes market efficiency

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On the dusty streets of Somaliland's capital Hargeisa, Mohammed Ahmed Ismail is arranging paper money in his tidy, waiting for clients who wish to...

Somaliland’s world-leading move towards a cashless culture

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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...

Somalia Awards License to Hormuud EVC-Plus

The Central Bank of Somalia (CBS) said it has awarded the first mobile money license to a telecom company as the Horn of African...

How I Saved $36,000 With This Simple Trick

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Do this, and you’ll never look at a $5 bill the same again.Pull up a chair and get comfortable because I’m about to tell...
Shabaab Finance

Somalia: A Losing Game – Countering Al-Shabab’s Financial System

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Much has changed since Hiraal Institute’s 2018 report on the Al-Shabab financial system.1 The group’s capability in tax collection has improved, and complaints about...

Pandora Papers: Secret Tax Havens of World Leaders, Celebrities Revealed

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Millions of leaked documents reveal the financial secrets of how world leaders, billionaires and celebrities use tax havens. Tony Blair, Ukraine's Zelenskyy and Shakira...