Oxfam : Somalis in the Diaspora remit annually about $1.3 billion

By Tajuddin

In BUSINESS

Nov 13th, 2015

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1711 Views

Windsor,Ontario,Canada (Bloomberg + DIPLOMAT.SO)- Liban Gaal is one of an estimated 1.5 million Somalis living abroad who are helping the economy back home stay afloat. The owner of the Somali Restaurant in Windsor, Ont., says he sends $300 each month to a sister-in-law in Mogadishu whose husband die...

Somalia’s Prime minister : We call on the United States to reconsider on remittances to Somalia

By Tajuddin

In BUSINESS

Feb 8th, 2015

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1740 Views

Mogadishu ( DIPLOMAT.SO) – As Somalia Prime Minister and former Somali Ambassador to the US, H.E. Omar Abdirashid Ali Sharmarke is fully aware of the astronomical impact this announcement will have on the well-being of many Somalis and is determined to finding permanent solutions to maintain mo...

Merchants Bank of California : ” Financial accounts for the Somali remittance companies will close on February 6″.

By Tajuddin

In BUSINESS

Jan 30th, 2015

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1847 Views

Washington ( Foreign Policy (blog) + DIPLOMAT.SO) – Somali-Americans could find it much harder to send money back home to friends and family after next week. Merchants Bank of California, which handles 60 to 80 percent of the remittances sent to Somalia from the U.S., announced this week it is ...