Friday, April 26, 2019

Dahabshiil welcomes World Bank proposal on decrease of mobile money vulnerabilities to stimulate growth...

“A robust regulation that addresses de-risking issues to reduce vulnerabilities associated with the widespread use of mobile money transactions as put forward by the...

Regulation of Somalia’s Mobile Money Market Can Spur Innovation in Financial Sector Development

Somalia’s economy has grown modestly between 2013 and 2017, with real annual gross domestic product (GDP) growth averaging 2.5%, according to the new economic...
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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,...

Yours truly, Dahabshiil!

There are periods in time that all the delight is yours. This does not come by accident, though. Such delights are the creation of...

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...
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Somaliland: Central Bank Denies Mint of New Notes, Plans to Migrate to Polymer Money

The Central Bank of Somaliland dismissed rumors that it planned to bring new bank notes at a time the country was still reeling under...

Somalia searches international market for a suitable central bank governor

Somalia seeks to recruit internationally for the position of Central Bank governor which will become vacant on November 1, the finance minister Dr. Abdirahman...

Safaricom in ‘advanced talks’ to take M-Pesa to Ethiopia

Kenya’s telco giant Safaricom is in “advanced talks” with the Ethiopian government to introduce its popular M-Pesa mobile money service to neighbouring Ethiopia, a market...

Jeff Bezos Becomes the Richest Man in Modern History, Topping $150 Billion

The Amazon.com Inc. founder’s net worth cracked $150 billion in New York on Monday, according to the Bloomberg Billionaires Index. That’s about $55 billion...

Turkish lira hits record low against the dollar

Turkey’s currency tumbled late on Wednesday below its May low, nearing 5 lira to the dollar, amid a sharp deterioration in investor sentiment. Late in...

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UAE to Step in to Safeguard Somaliland-UAE Security Interests

Somaliland disclosed that the issue of security dominated discussions it had held with its United Arab Emirates counterparts. "The security issue has been central to...

Somalis to Benefit from UAE-Somaliland Livestock Export Bureau

On a shuttle working visit to the United Arab Emirates mid last week, His Excellency the President of the Republic of Somaliland left for...

More Gold Than Reported Filched Out of Africa on a Regular Bases

Billions of dollars’ worth of gold is being smuggled out of Africa every year through the United Arab Emirates in the Middle East –...