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TICAD $30bn deal a boost to African economies – Dahabshiil

TICAD $30bn deal a boost to African economies – Dahabshiil

Japan-Africa development partnership could not have come at a better time, according to Dahabshiil Chief Executive Officer Abdirashid Duale who participated in the Conference. The...

State Department Not Alarmed by Shutdown of Money Flow to Somalia

State Department spokeswoman downplays role of remittances in Somali economy. Many companies that send money from immigrants in the United States to friends and family...
Ajay Gupta and Oakbay Investments delighted with affidavit from Pravin Gordhan

South Africa: Ajay Gupta and Oakbay Investments Delighted with Affidavit from Pravin Gordhan

JOHANNESBURG, South Africa, October 18, 2016/ -- Gupta Family lawyer, Van Der Merwe Associates, releases a statement on behalf of Mr. Ajay Gupta and...
Somaliland: DNO reports payment for Tawke deliveries

Somaliland: DNO reports payment for Tawke deliveries

DNO ASA, the Norwegian oil and gas operator, today reported receipt of USD 37.40 million from the Kurdistan Regional Government as payment towards July...

Somalis panic as cash flow dries up after U.S. remittance lifeline cut

NAIROBI (Thomson Reuters Foundation) - Somali families are panicking and businesses are running short of funds two weeks after the last major U.S. bank...

Remittance firms sue Australia’s Westpac as banks shun money transfer firms

An Australian court case is set to throw a spotlight on a steady retreat by Western banks out of the $435 billion global remittance...

China premier warns on growth in opening speech to NPC

Li Keqiang lowers 2015 economic growth target to seven percent as annual National People's Congress begins in Beijing. Premier Li Keqiang has lowered China's 2015 economic...

Qatar airways to starts direct flights to Somalia

Qatar airways is expected to start direct flights to Somalia as Qatar airways influence grows in the region. The move came after bilateral talks...

Germany: Islamic Banking Lands In The Heart Of Europe

Despite a significant Muslim population, up to now Germany has been unchartered territory for Islamic banking, whose largest European hub is in London. But...

Startups are bringing mobile banking to remote villages

Mobile banking has provided financial inclusion for developing countries. A new wave of startups is now taking the tech beyond mobile wallets. When Ismail Ahmed...

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