Saturday, October 1, 2022

Migration and Development: The $100 billion idea

Later this year the Financing for Development summit will take place in Addis Ababa. The discussion will focus on the post-2015 agenda and the...
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...

Ismail Ahmed – Somaliland-born CEO of Major Fintech Firm to Top Powerlist 2019

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Ismail Ahmed, the founder and chairman of WorldRemit has been named the most influential black Briton The Powerlist, now in its 13th year, has released...

American Attorney Charged for Stealing Millions from Somalia Government Assets

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A Maryland attorney has been indicted on charges he engaged in a scheme to fraudulently obtain more than $12.5 million in Somalia government assets...

Somalis Changed the face of Money Transfers Worldwide

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Somalia’s money transfer market is one of the most developed in the world, characterized by a large diaspora sending billions of dollars home in...

The US Cancels US$1 Billion Debt Somalia Owed It

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In a bilateral agreement the United States government signed with federal Somalia, Sunday, the US waived US$ 1 billion debt the latter owed it. The...

Dubai Bank sinks under debt and violating regulator rules

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