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Tag Archives: Banking


WorldRemit Named Best Money Transfer Company in Europe

Ismail Ahmed - WorldRemit

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 at a special ceremony during the Global Money Transfer Summit held at Hilton London Docklands Riverside, WorldRemit was declared the ‘Best Money Transfer Company […]


Somaliland moves towards new banking era

An employee counts money at a branch of international money transfer company Dahabshiil in Somaliland.

An employee counts money at a branch of international money transfer company Dahabshiil in Somaliland (Mark Tran photo/Guardian). Somaliland is poised to pass a banking law to help the flow of remittances and encourage much-needed foreign investment HARGEISA — Without formal banks, Somaliland lacks cash machines or credit cardfacilities, obliging visitors to the country to […]


Major Islamic banking forum planned in Africa

DJIBOUTI — Opportunities and challenges that are forging the Islamic banking, finance and investment landscape in Africa will be the focus for an upcoming Islamic banking forum in Djibouti. Held under the official support of the Central Bank of Djibouti, the Islamic Banking Summit: Africa (IBSA 2012) will be held on November 6 and 7. […]


Mogadishu: East Africa’s newest business destination?

First Somali Bank

NAIROBI — Somalia’s capital Mogadishu is emerging as the newest business destination in east Africa. New businesses have sprung up in 2012 as investors’ confidence in the country improves. Some business people argue that Somalia’s 20 years of turmoil are coming to an end, opening up endless opportunities. Though security has been a big issue […]


Telesom unveils solar-powered mobile system in Somaliland

HARGEISA, (Somalilandpress) — Telesom, one of the major telecommication carriers in Somaliland announced on Thursday the launch of the first environment-friendly and cost-effective solar-powered mobile system in the country. Mohamed Isaaq, Marketing Director, Telesom Consumer said, Telesom was translating consumer demands based on the fact that 80% of the people in Somaliland  are pastoral communities […]


Tanzania launches bank for women

Dar es Salaam, 28 Jul 2009 (Somalilandpress) – Tanzania has launched a bank aimed specifically at women in what officials say will be an empowering move. The bank says women need only an ID card or passport to open an account, unlike other banks which require title deeds or other proofs of wealth. And applicants need […]


Islamic Banking Gains Momentum

Hargeisa, 27 June 2009 (Somalilandpress) – Governments trying to set framework for establishing Islamic Banking. Conventional banks trying to extend their line of service by Islamic Banking. And Islamic banks are expanding their network globally. Islamic Banking is on the rise! But despite that impressive growth standards have to be set in order to not […]