News - Abdirashid Duale
LONDON, February 3, 2011 /PRNewswire/ -- By handling remittances from the international Somali diaspora, Dahabshiil provides a vital source of income for African communities and in doing so, has become Africa's largest money transfer company, according to a recent article by the BBC. In the interview by Zeinab Badawi of the BBC, Dahabshiil's CEO, Abdirashid Duale, speaks about his company's operations in Somaliland and of the difficulties in doing business abroad that arise from the unofficial status of the region, once British-controlled, in North West Somalia. However it is precisely this lack of formal international recognition, isolating Somaliland from official foreign aid, which makes remittance income so essential to its people, and Dahabshiil's service such an important lifeline. The company was founded in 1970 by Abdirashid's father, Mohamed Saed Duale, and grew over the next eighteen years to become the largest remittance broker in the Horn of Africa, selling i
