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By M.A. Egge The Ministry of Mines and Energy of Somaliland has signed a memorandum of understanding with a company from the Emirates Industrial Laboratory (EIL) which works on mining issues. This agreement with the UAE-owned company entails the installation of...
Dahabshiil group has sent massive congratulations to this year’s Chevening Scholars. Statement Dahabshiil Group published their Twitter (X) account, read as follows; “it’s proud to have co-sponsored some scholars for the third year in a row, as they pursue their...
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...