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Somalia: Crossed Wires Starve Somalia of Cash

Antiterror restrictions prevent expats from sending money home. Liban Gaal is one of an estimated 1.5 million Somalis living abroad who are helping the economy back...

Dahabshiil: An African money-transfer firm with big ambitions

WHEN Abdirashid Duale, the chief executive of Dahabshiil, Africa’s largest money-transfer business, visits Hargeisa, the capital of Somaliland, a breakaway province of Somalia, he...

MasterCard Sets up Shop in Somalia

The company has started to issue credit cards in the strife-torn country. MasterCard Worldwide this week started issuing credit cards in Somalia in a bid...

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...

Kenya: Kenyan Money Transfer Ban Puts Strain on Somalis

The country’s latest bid to stamp out homegrown extremism stymied Idris Mohamed’s attempt this month to send $100 to his parents in Somalia. “We are...

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