Wednesday, July 17, 2019

Somalia to get first World Bank loan in 30 years

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

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

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

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...

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Somaliland Politicians Call For Massive Demonstrations Against The Saudi Kingdom, Switch to Iran, Qatar

Two Somaliland politicians, both of them top ex-leaders of the national armed movement which brought down the brutal military regime of General Siad Barre...

Viral FaceApp challenge ‘forbidden’, Muslim scholar says

An Islamic scholar has condemned a social media trend that has swept the Middle East and much of the world, arguing it goes against...

Somalia: Al Shabaab Picks Up Operations, Visibility

Determined to re-emerge as the only credible force to reckon with in business, in social activities and in security, the Al-Qaeda affiliated Somalia-based Al-Shabaab...