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Tag archive for ‘Money transfer’
An employee at Juba Express in Mogadishu, Somalia, prepares a money transfer for a customer, Feb. 12, 2015. U.S. banks stopped money transfers to Somalia this month, leaving many Somalis without critical financial support. Mohamed Abdiwahab / AFP / Getty Images
By Sahra Farah On Monday, March 2nd, 2015

US bank regulators may destroy Somalia’s economy

by Hamda Yusuf @HamdaInSpace , Ifrah F. Ahmed @Ifrahmed & Zahra Mohamud @Zafrique On Feb. 6, 2015, U.S. banks stopped money transfers to Somalia because of strict regulations set by the Office More...

By Qalinle Hussein On Saturday, February 21st, 2015

Somali Entrepreneur Raises $100 Million For Money Transfer Startup WorldRemit

WorldRemit, a London-based online money transfer service that lets people send money to friends and family in other countries, has raised $100m in a Series B funding round led by Technology Crossover Ventures (TCV), More...

By MGoth On Sunday, February 8th, 2015

Somalia:PM statement on money transfer cut-off

  Prime Minister Sharmarke: “The situation is massively important and I am determined to finding permanent solutions to maintain money transfer.” For immediate release 8 February 2015 – Mogadishu More...

By Sahra Farah On Tuesday, December 25th, 2012

WorldRemit Named Best Money Transfer Company in Europe

WorldRemit, the leading online money transfer service, has been named the best European money transfer company by the International Association of Money Transfer Networks (IAMTN) in this year’s annual awards. Announced More...

By Hassan Ali On Tuesday, August 14th, 2012

SOMALILAND: Dahabshiil to stay open day and night before Eid

HARGEISA — People in Somaliland are set to benefit from the latest initiative by Africa’s leading money transfer, Dahabshiil, after it extended trading hours. Customers have been given a festive license More...

Dandenong in Melbourne, Australia
By Qalinle Hussein On Saturday, August 4th, 2012

Australia: Hawala money transfer suspected in people smuggling scam

MELBOURNE — Pplice suspect the relatives of people smugglers are using a Melbourne grocery store to transfer funds offshore to pay for places on asylum boats. Authorities suspect the store in Victoria’s More...

By Qalinle Hussein On Thursday, July 19th, 2012

SOMALIA: Robin Hood like rat supports family of 7 in Mogadishu

LAS ANOD — The local Hadhwanaagnews radio station today reported that a rodent living in one of the houses in the Somali capital was the sole breadwinner for a family of seven. After hearing widespread rumors, More...

The Hargeisa MIG - shot down during the civil war, and a symbol of Somaliland's defiance.
By Qalinle Hussein On Monday, May 28th, 2012

Take a Holiday in Somaliland – Journey to the State That Isn’t

Russian made mig fighter jet that was used in 1989 seen hanging in Hargeisa as a monument of reminder to the people of Somaliland of atrocities done by former dictator Muhamed Siad Barre, who was later toppled More...

By SomalilandPress On Thursday, April 19th, 2012

Dahabshiil provides vital service for African community

CEO of money transfer service speak exclusively to African Business Review on why his company means more to him than just making money. The story behind international money transfer Dahabshiil truly is one of rags More...

Dr Adam Ismail Hassan
By Qalinle Hussein On Saturday, January 7th, 2012

The role of remittance in the economic development of Somaliland

By Adam Ismail Hassan, PhD 1. INTRODUCTION The international remittance markets have grown dramatically in many parts of the world for the past two decades or so. Yet their critical roles in the economic development More...

By SomalilandPress On Wednesday, May 25th, 2011

Money Man Serves the Somali Diaspora

Today he divides his time between London and Hargeisa, the capital of Somaliland, an autonomous region of Somalia that declared independence in 1991, and is the chief executive of Dahabshiil, a global money transfer More...

By SomalilandPress On Tuesday, April 19th, 2011

UN Refugee Agency Launches Inaugural Somali Community Event in Kenya

NAIROBI (Somalilandpress)–The United Nations High Commissioner for Refugees (UNHCR) has partnered with Dahabshiil, the largest international money transfer company in Africa, to host the first ever Somali More...

By SomalilandPress On Wednesday, April 13th, 2011

Western Union Launch Money Transfer Service in Somaliland

Johannesburg, 13 April 2011 — The Western Union Company (NYSE: WU), a leader in global payment services, has extended its rapidly growing agent network to Somaliland, taking the total number of African markets More...

By SomalilandPress On Wednesday, March 23rd, 2011
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WorldRemit Launches New Online Money Transfer Service in Canada

WorldRemit, an award-winning money transfer business, has now launched its service in Canada. The service will enable Africans to send money safely from the comfort of their own home to family and friends back home. More...