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Ending Somali-US money transfers will be devastating, Merchants Bank warned

  Merchants Bank of California expected to close ‘the last safe and legal pipeline to provide humanitarian remittances’, says US congressman Keith Ellison  Proposals by the last US bank specialising in money transfers to close the accounts of companies transferring cash between the US and Somalia will have a devastating effect on the millions of […]

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Egyptian airstrikes kill 64 IS militants in Libya: Libyan army spokesperson

Egyptian airstrikes killed 64 Islamic State (IS) militants, including three of their leaders, in Libya’s coastal cities of Derna and Sirte, Libyan army spokesperson Major Mohamed Hegazy told Ahram Arabic news website on Monday afternoon. In the early hours of Monday, the Egyptian army, in coordination with the Libyan army, carried out air strikes against […]

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The Swedish recognition of Palestine HAS BEEN Heavily criticized in Israel

  The Swedish recognition of Palestine has been heavily criticized in Israel and worsened relations between the countries .Foreign Margot Wallström ( S) hope that the tone will be different after the elections in Israel in March. – I hope to make a visit there as soon as it is at all practicable , she […]

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Three Muslim students killed at North Carolina campus

  Friends and family, and online community condemning the murder, shared victims’ photos following the incident [Facebook] Three American students have been shot to death at a residential complex of the University of North Carolina at Chapel Hill and a suspect has been arrested over the incident, according to local police. Chapel Hill police told local news […]

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Somalia’s parliament approved a new cabinet

  (Reuters) – Somalia’s parliament approved a 25-strong cabinet on Monday, a pivotal step toward preparing the war-torn nation for a vote on a new constitution and presidential elections in 2016. Wrangling over the cabinet has prolonged a period of drift that donors say is hurting recovery efforts. After more than two decades of war […]

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Kabete MP George Muchai was shot dead early Saturday morning at Kenyatta Avenue

NAIROBI, Kenya Feb 7 – Kabete Member of Parliament George Muchai, his two bodyguards and a driver were shot dead by gunmen in Nairobi on Saturday morning. According to police, the four were sprayed with bullets at about 4.30 am when their vehicle slowed down at the Nyayo House round about on Kenyatta Avenue. “They […]

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Somali man kills his 39-year-old wife in Norway

  A Somali man is in prison after he allegedly confessed to killing his 39-year-old wife in the Norwegian town of Askøy on Wednesday, officials said. The 41-year-old man reportedly turned himself in to police after he murdered his wife —the mother of his six children, aged between one to 18 years old, according to […]

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UN Somalia envoy ‘excited and worried’ about political progress in year ahead

Special Representative Nicholas Kay briefs the Security Council on the situation in Somalia. 4February 2015 – Underlining the importance of the partnership between the African Union and the United Nations in Somalia, which he called “unique, strong and essential for success,” the top UN official there briefed the Security Council today on the challenges lying […]

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US bank ending of Somali money transfers to have catastrophic impact’

A decision by a U.S. bank to stop doing business with companies that transfer money from Somalis living in the United States to families back home could have a “catastrophic” impact on the fragile Horn of Africa country, development groups said.  The lack of a formal banking system in Somalia is one of the legacies […]

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Somali Region Gets a Second Micro Finance Institutions

  The MFI has acquired a CORE banking system from Neptune for undisclosed sum The Somlai Region is going to open a second Micro Finance Institution (MFI) from which is going to extend loans from 10pc to 20pc. This will be the second in the region. Rays MFI received approval from the National Bank of […]

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