Tuesday, June 2, 2020

The US dollar is exploding at a probably unprecedented rate

Steven Englander Citi global head of G10 foreign exchange Steven Englander blasted out an email on Friday observing that the current rise in the...

Toyota Tsusho to invest billions in Kenya’s energy sector

Toyota Tsusho Corporation said on Sunday it wanted to invest billions of dollars in Kenya’s energy sector after it successfully build the 280-megawatt Olkaria...

U.S. Remains Biggest Arms Exporter But Russia, China Gain

  The U.S. maintained its lead as the top weapon exporter over the past five years even as Russian and Chinese exports increased more quickly,...

BCIMR, A Djibouti Bank, Opens Office in Ethiopia

The Bank represents about 60pc of the market share in Djibouti in teras of loans and deposits Red Sea Trade & Industry Bank (BCIMR) of...

Blocking wire transfers could spark a humanitarian crisis in Somalia

Somali-Americans in Minnesota and across the United States are again facing problems sending money to relatives still living in east Africa. Last month, the bank...

Dahabshiil Co-sponsors Somali investment forum concluded in Nairobi

A major international investment forum aimed at attracting investors to Somalia came to an end in Nairobi Wednesday. The three-day event convened enterpreneurs, investors, sector experts,...

Santander and Deutsche Bank fail US ‘stress tests’

Santander and Deutsche Bank have failed a US "stress test" designed to assess whether lenders can withstand another financial crisis. The review, carried out by...

The Amplified Power of Power Banks

Think back five, 10 years ago. Phones were almost a luxury that few could afford. This of course, has changed. Nowadays, it is almost...

Bank seeks to raise $10 mln via share sale in war-torn Somalia

International Bank of Somalia (IBS), one of only a handful of commercial banks operating in the war-torn country, wants to raise $10 million in...

Somali Investment Forum ends in Nairobi

The Somali Investment forum that was  organized by the World Bank Group, US embassy and Shuraako was to bring Somali Diaspora investors and entrepreneurs...

Latest article

History of Sheikh Isaaq bin Mohammed (Al-Hashimi)

Sheikh Isaaq Bin Ahmed Bin Mohammed (Al-Hashimi) Bin Hussein was one of the Arabian scholars that crossed the sea from Arabia to the Horn...

Somaliland: Covid19 Update for June 1st

Twenty-eight new coronavirus cases have been discovered in the Republic of Somaliland for the past twenty-four hours after 75 cases were tested. Twenty-two of them...

Somalia NGO Consortium Strongly Condemns Killing Of Galooley Health Workers

PRESS STATEMENT The Somalia NGO Consortium condemns in the strongest terms the repugnant attack on civilian health workers in Somalia this week. Their abduction and...