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Last updated on April 23, 2014 at 20:10 EDT

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....

2013-11-05 16:29:18

LONDON, November 5, 2013 /PRNewswire/ -- The High Court heard an application for an interim injunction to prevent Barclays Bank from terminating the banking services it provides to Dahabshiil, the largest African Money Transfer Operator (MTO) on 15/16 October 2013. Today the Court handed down its judgment, granting an interim injunction which has the effect of preserving Dahabshiil's banking arrangements with Barclays until the conclusion of a full trial and has also...

2013-04-22 04:21:56

WASHINGTON, April 22, 2013 /PRNewswire/ -- Dahabshiil, the largest African money transfer company, has agreed a deal with one of the world's leading providers of software security services. The agreement will see the American-based organisation provide a suite of services, including encryption, monitoring and security of all company devices, systems and data. Precise details of the deal will not be released due to strict confidentiality agreements, but Dahabshiil is...

2013-02-08 12:24:35

OXFORD, England, February 8, 2013 /PRNewswire/ -- In a talk this week at Oxford University, CEO of Dahabshiil Abdirashid Duale called for faster progress towards interconnectivity in the Somali territories' burgeoning telecoms sector. The event brought together leading researchers and practitioners to focus on the growing take-up of information and communication technologies (ICTs) among Somalis, and to discuss how innovation in those industries can nurture growth and...

2013-01-15 12:27:36

MOGADISHU, Somalia, January 15, 2013 /PRNewswire/ -- Dahabshiil Group has donated $200,000 to help reconstruct the mental health unit of Forlanini Hospital, in Mogadishu. As part of its Corporate Social Responsibility (CSR) programme, Dahabshiil Group will finance renovation works in the Mogadishu-based hospital, including provisions for an electric generator, water-reservoir tanks, an annex room for emergencies, two wards and administration and service blocks....

2012-10-22 15:25:05

MINNEAPOLIS, October 22, 2012 /PRNewswire/ -- Dahabshiil has helped raise $100,000 to provide health care, clean water and employment opportunities in Somalia as part of a diaspora-led campaign in the US. Led by former 1500-metre World Champion, Abdi Bile, Minnesotans undertook a three-mile sponsored run in the 193-acre Minnehaha Park in Minneapolis. The run, dubbed 'Run to Unite' was part of the I AM A STAR campaign - a sustained redevelopment drive to aid Somalia in its...

2012-08-07 06:28:42

HARGEISA, Somalia, August 7, 2012 /PRNewswire/ -- Dahabshiil Group has donated five hundred head of livestock to public hospitals in major cities across the Somali territories. Dahabshiil Group - which consists of Dahabshiil Money Transfer, Dahabshiil Bank International and telecommunications company Somtel - offered the livestock in celebration of the holy month of Ramadan, during which philanthropic giving and altruism are encouraged. A donation ceremony was held...

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...