Somalia issues licences to first international banks in the country
SOMALIA – Central Bank of Somalia has announced that it had awarded licences to two foreign banks...
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Tag: Somalia
Salaam Somali Bank commits US$4m to the best and brightest young entrepreneurs in Somalia
SOMALIA – Salaam Somali Bank, the first privately-owned bank in Somalia, has announced plans...
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MyBank, Mastercard and Network International launch new debit card to elevate e-commerce in Somalia
SOMALIA – As part of continued efforts to expand access to the digital economy and drive...
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Somalia launches trade information portal to boost cross-border trade
SOMALIA – To facilitate cross-border trade and provide more transparent trade information...
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Hormuud Telecom to expand 4G network across Somalia
SOMALIA – Hormuud Telecom, Somalia’s largest telecommunications services provider, has announced...
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Hormuud Telecom unveils mobile money service in Somalia
SOMALIA – Telecommunication company Hormuud Telecom, has launched the country’s first...
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Somtel Telecommunication launches initial public offering, eyes growth
SOMALILAND – Somtel Telecommunication, a subsidiary of the UAE-based Dahabshiil Group, has...
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Somalia issues first mobile money licence to Hormuud Telecom
SOMALIA – The Central Bank of Somalia (CBS) has awarded the first mobile money licence to a...
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Clean energy businesses in Somalia secure US$8.5m grant from AECF
SOMALIA – Africa Enterprise Challenge Fund (AECF) has unveiled a US$ 8.5 million grant...
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World Bank appoints New Country Director for Kenya, Rwanda, Somalia and Uganda
EAST AFRICA – The World Bank has appointed Mr. Keith Hansen as the new Country Director for...
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Sombank selects Temenos Islamic Banking solution for digital Islamic banking services in Somalia
SOMALIA – Temenos, the banking software company, today announced that Sombank, a privately...
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FAO receives additional US$30.9m to fight desert locust outbreak
EAST AFRICA – FAO Director-General QU Dongyu welcomed an €11 million (US$12.1m) contribution from...
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