Friday, August 19, 2022

Dahabshiil, AECF Partner to Support SMEs in Somali Regions

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With operations in Kenya, the two are keen to grow businesses in the region Africa' s money transfer company, Dahabshiil through its subsidiary MicroDahab micro...

Somaliland President Receives World Bank, TMEA, DfID and UK Delegations

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The President of the Republic of Somaliland, His Excellency Musa Bihi Abdi, today, international delegations on an official visit to the country. A statement by...

WorldRemit Raises $292 Million Revaluing Group at $5 Billion, Rebrands Has Zebz

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The funding round will allow Zepz to maximise strategic flexibility and drive further growth Zepz, formerly WorldRemit, a digital cross-border payments platform operating two market-leading...

Somaliland: DP World Offers Ethiopia First Freight Operation in 20 Years Through Berbera

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The UAE has rendered a great service to Ethiopia, through the port of Berbera in Somaliland, by allowing the Ethiopian ship “Phoebe” for the...

World Bank to Lend Kenya $750 Million Within Two Weeks Time

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Kenya will in the next two weeks receive a loan of $750 million from the World Bank that was approved in 2019, the country's...

Africa’s Digital Payments Race Becomes a Scramble

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The prospect of a cashless Africa has triggered a scramble for control of its payments plumbing. The continent’s top telecoms operators have become big...

COVID-19 Catapults Somaliland Remittance from the Traditional to Digital Platforms

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COVID-19 has transformed Somaliland’s remittance lifeline. Remittances were projected to crash at the start of the pandemic, but in Somaliland COVID-19 created an opportunity...

Negative PR, Aid Agencies of Harm to Somaliland – WorldRemit Founder

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Aid agencies are hindering development and undermining efforts to attract investment in Somaliland, according to a former World Bank and UN official turned entrepreneur. Ismail Ahmed, founder...

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...

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...