Pontus Marine

Friday, October 16, 2015

Somaliland - Dahabhiil is a transfer window

Banking in Africa. Transfer window. An African money-transfer firm with big ambitions.



(The Economist)- WHEN Abdirashid Duale, the chief executive of Dahabshiil, Africa’s largest money-transfer business, visits Hargeisa, the capital of Somaliland, a breakaway province of Somalia, he cannot walk down the street easily. It is not that his security is under threat. It is that with every step, another businessman stops to greet him. Strolling from the new offices of Dahabshiil’s bank to the headquarters of its money-transfer operation, a distance of perhaps a couple of hundred metres, takes the best part of half an hour.
Read more at the Economist