By Mohammed Yuusuf Early in the morning of the 24th of February 2022, Russia launched a full scale invasion of Ukraine. It was long expected despite the Russian denials. It didn’t take long for Western leaders to condemn Putin for his actions and to impose severe sanctions that prepared for this eventuality. On the same...
November 10, 2026
265 search results for: mobile money
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Ethiopia May Allow Overseas Lenders to Own 30% of Local Banks
Fasika Tadesse and Bella Genga Ethiopia plans to allow overseas lenders to acquire up to 30% in its commercial banks, the latest step by the government to encourage investment in one of Africa’s biggest economies. A draft by Ethiopia’s Council of Ministers circulated to domestic lenders on Oct. 5 and seen by Bloomberg stipulates the...
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Galgadud businesspeople rue the loss of their savings in Somali shillings as hardship bites
Abdirisak Malim Ahmed, a shop owner in the central Somali town of Adado, wishes he could draw on his savings of 94 million Somali shillings to support his family through the current times of drought, but nobody wants the paper it is printed on. He saved the cash over a lengthy period from the proceeds...
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Kinship relations add ‘over-privilege’ on access to bank loans in Mogadishu
By Abdulkadir Hussein Although the banks in the country are limited to serving domestic banking, in the last decade, local banks were continuing to burgeon operationally. A handful of Somali-owned commercial banks prevail in the country today, which all of them are home grown and obtain operating license from the federal authority to render banking...
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Ethiopia’s state telecom launches 5G services in capital
By Dawit Endeshaw ADDIS ABABA, May 9 (Reuters) – State-owned operator Ethio Telecom launched a 5G mobile phone service on Monday in a key step ahead of competition from new entrants in an industry that has been closed for international players. Next-generation 5G networks can provide data speeds at least 20 times faster than 4G and...
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AU urges Africa to utilise fast-developing digital market
Addis Ababa – Africa should seize the fast-developing digital market space so as to boost access to goods and services across the continent, Monique Nsanzabaganwa, deputy chairperson of the AU Commission, said. The AU Commission deputy chief made the remarks on Tuesday as the African continent joined the global community in commemorating the 39th World...
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Ethiopian State Telecom Misses Target as War Disrupts Service
Fasika Tadesse and Helen Nyambura Ethiopia Telecommunications Corp. failed to hit its first-half revenue target due to outages and disruptions caused by the war in the north of the Horn of Africa country. State-owned Ethio Telecom raked in 28 billion birr ($561 million) in the six months through Jan. 7, Chief Executive Officer Frehiwot Tamiru...
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Traditional Elders: A Cancer or cure for the current weak Governmental systems in Somalia?
By Abdullahi Said Mohamed (Dubesare) According to social contract theory, every community that lives together tends to create a system they trust with their ruling affairs. Before the modern governmental system, same as with other communities, the Somali community had traditional elders such as Kings, Garaads, Sultans, Islaans, Malaaqs, Ugaas, Nabadoons, etc. Their ranking power...
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Dib-u-milicsi: “Bitcoin” muxuu yahay, sidee buu u shaqeeyaa?
W/Q Bare Sare Maxamad Dalmar Odhaahda Tifaftirka: Bitcoin oo ku soo biiray adeegisga lacagaha Adduunka muxuu yahay, muxuu kaga duwan yahay lacagta Hawada (mobile money), qaabkee loo adeegsadaa, yaa ka dambeeya maareeynta iyo habsami u socodka Bitcoin, ama taageera xowliga uu ku socdo? Saameynta Bitcoin ku leeyahay ama yeelan karo ganacsiga iyo dhaqaalaha adduunka iyo...
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New wave of Somali youth embark on dangerous border crossings in search of better future
Abdifatah Absiye Du’aake was informed of the death of his sister, Asha, at the hands of people smugglers in Libya just a week after paying $9,000 ransom money that he had collected from among his relatives abroad. Asha, a single mother of three children who had been living with her brother in the northern Somali...