By M.A. Egge
In the city of Hargeisa, an event was held to inaugurate the office of exchange of financial instruments of the Central Bank of Somaliland.
The inauguration ceremony was attended by the Minister of Financial Development, the Governor of...
Somtel has announced that it will invest $25 million more in the development of the country’s Internet connection during the ongoing 6th National Telecommunications Conference.
The business manager of Somtel Mr. Samir Hassan Duale who spoke at the National Communication...
As a former business owner in the USA, human resource (HR) challenges were among the least complicated issues my organization encountered. A reliable supply of skilled and unskilled labor was always available. In contrast, Somaliland businesses are currently facing...
By David Whitehouse
Abdirashid Duale sees remittances as a key driver of development in sub-Saharan Africa.
Dahabshiil is keen to expand its Ethiopian presence following its remittance service partnership with M-Pesa Safaricom, CEO Abdirashid Duale tells The Africa Report.
The agreement at the...
Dahabshiil Company has welcomed the shift to a market-based exchange regime as part of a major revision of Ethiopia’s foreign exchange (FX) system. A statement published on the company’s Twitter handle read as follows;
“We welcome Ethiopian PM Abiy Ahmed...
Illegal money changers have been rounded up in Tog-wajaale town in a clean-up operation campaign led by the Central Bank at the end of the week in efforts to cushion exchange rates stability.
In a bid to rogue out illegal...
The 2nd meeting of the National Budget Policy Committee was held over the week at the Ministry of Financial Development headquarters in readiness for the one of the next year, 2025.
Several issues under the scope that were discussed and...
A technical committee has been set up to facilitate the establishment of under-sea fiber optic cables connected to the country.
In a meeting that the Minister of Communication and Technology Hon. Dr. Ahmed Yusuf Idris presided over about bringing the...
To allow direct sending of money from abroad.
In Summary
•Ethiopia generates more than $5 billion (Sh646.9 billion) in remittances annually.
•Dahabshiil, which operates in more than 100 countries globally, has been a key player in African remittances providing a platform for...
Ethiopians abroad can now send money directly to M-PESA wallets following Safaricom’s partnership with Dahabshiil.
In a move that will simplify sending money to Ethiopia, M-PESA by Safaricom has partnered with the leading money transfer service Dahabshiil. This exciting collaboration...