Business & Economy

Business & Economy

The first undersea cable to bring high-speed internet access to East Africa has gone live. The fibre-optic cable, operated by African-owned firm Seacom, connects South Africa, Tanzania, Kenya, Uganda and Mozambique to Europe and Asia. The firm says the cable will...
Nigerian diaspora to benefit from increased competition in remittance market LAGOS, Nigeria,  -- WorldRemit (www.WorldRemit.com/en/Nigeria), the leading digital remittance service, commends the restoration of money transfers to Nigeria, following the decision of the Central Bank of Nigeria (CBN) to approve WorldRemit...
By Jonathan Moules Founder Ismail Ahmed spied a gap in the remittance market ©Charlie Bibby Ismail Ahmed: his idea was driven by expensive transactions to Somaliland When he worked for the UN, Ismail Ahmed blew the whistle on alleged corruption in some of...
The Horn of Africa Business Association (HABA) applauds the progress made by Somaliland over the last two decades and feels privileged to have strong and purposeful connections with the region. Presently the greatest single threat to the region is...
MicroDahab MFI, a microfinance subsidiary of Dahabshiil Group, has announced a collaboration with SolarGen Technologies to create the first ijarah thumma Iqtina (“lease to purchase”) sustainable energy product in Somalia. The initiative will enable clients to own a solar-powered water...
HARGEISA (Somalilandpress) -- Somaliland's Foreign Affairs Minister Abdillahi Mohamed Dualeh has stated that his administration was going to hand over the Berbera port to a French company in an effort to modernise the deep-water facility in the red sea...
NAIROBI (Somalilandpress) -- According to local lore, Portuguese travelers as far back as the late 19th century suspected oil might lie beneath parts of East Africa after noticing a thick, greasy sediment wash up on the shores of Mozambique....
HARGEISA, 19 September 2009 (Somaliland press) – Daallo airline spokesman says a technical problem forced the pilot to make an emergency landing in Athens without any problem. The company says passengers were taking to the hotels and they will resume...
Mombasa, Jul 17 2009 (Somalilandpress) -- The deployment of the much hyped and celebrated Sea Cable System (SEACOM) Africa cable in troubled Somali waters has been completed and the connection of the cable stations directly to India and from...
  FRONT: Ambassador Berhe Tesfai, Prof. Heiss, General Dollal, Ethiopian Military Attache’ To mark the fifth anniversary of the commencement of construction work on the Renaissance Dam of Ethiopia, an illustrious occasion was held in Hargeisa, on Saturday.As part of the commemoration process...

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