Thursday, October 1, 2020

Controls on Remittances Risk Driving Financial Flows to Somalia Underground

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Remittance companies are a crucial mechanism for transferring cash to Somalia, where the fledgling formal financial sector remains largely isolated. Despite improvements, Somalia struggles...

Money Transfer Chief Optimistic Over Africa’s Economic Growth

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Remittances remain a lifeline for many people in Africa, according to Dahabshiil Chief Executive Officer Abdirashid Duale. Duale who spoke exclusively to EABW Digital News...

ANALYSIS: HOW CAN ETHIOPIA BOOST REMITTANCE INFLOWS?

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Ethiopia has been in a dire state of foreign exchange crisis for the last few years. PM Abiy has made a plea to the Ethiopian diaspora...

Somalia Government denies claims made in the Indian Ocean Newsletter, upholds Dahabshiil integrity –...

The Federal Government of Somalia (FGS) denies claims made in the Indian Ocean Newsletter issue 1455 (dated 21 July 2017) and published by www.africaintelligence.com. The...

Roxbury heist target handles cash for African immigrants

The Roxbury money exchange business targeted in Tuesday’s gunpoint robbery of $420,000 in cash has outlets across the country and caters to African immigrants,...

Kenya: Dahabshiil Calls for More Aid for Starving Somalis

A leading money transfer firm has rallied corporates, individuals and governments to join hands and support thousands of Somalis hit by prolonged drought. While it...

For Western Union, Refugees and Immigrants Are the Ultimate Market

“One million Syrian customers,” CEO Hikmet Ersek says. “Do you think they will ever forget Western Union?” Early in the summer of 2014, executives at Western...

Somaliland: Dahabshiil Donates towards Developmental Projects in Gabiley Region

Dahabshiil group of companies this week made cash donations towards several ongoing developmental projects in Gabiley region. Mr. Mahmoud Haji Osman Abdillahi and Mr. Farhan...

Money Transfer Agents Brace For Possible Fallout From Proposed US Remittance Tax

Money transfer agencies in Jamaica are bracing for a possible fallout if a proposed tax on remittances from the United States takes effect. Acting general...

UAE expats to pay more for sending money home

Remittance fee has been increased to "cope with rising cost" of doing business. A few leading money exchange houses in the UAE have increased remittance...