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Latest Informal value transfer systems Stories

2014-04-16 16:26:06

LONDON, April 16, 2014 /PRNewswire/ -- Dahabshiil today took part in an event to launch a new report by leading development think tank the Overseas Development Institute (ODI), which found that Africans living abroad face some of the highest fees in the world to send money home. According to the research into global charges on money sent to sub-Saharan Africa, the average rate to send $200 is 12% - more than double the global average. This is a shockingly high figure....

2011-04-18 08:50:00

NAIROBI, Kenya, April 18, 2011 /PRNewswire/ -- The United Nations High Commissioner for Refugees (UNHCR) has partnered with Dahabshiil, the largest international money transfer company in Africa, to host the first ever Somali community event in Kenya. The event, themed 'Now I Know', saw high profile Kenyan and Somali artists and musicians celebrate stories of the Somali Diaspora living in Kenya. The aim was to promote Somali culture and to educate other communities about the...

2011-02-03 10:27:00

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...


Word of the Day
penuche
  • A fudgelike confection of brown sugar, cream or milk, and chopped nuts.
'Penuche' is a variant of 'panocha,' a coarse grade of sugar made in Mexico. 'Panocha' probably comes from the Spanish 'panoja, panocha,' ear of grain.
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