banking

A groundbreaking collaboration has been forged between the National Identification and Registration Authority (NIRA) and the Somali Bankers Association (SBA). According to Abdiwali Tima’adde, the Director General at NIRA, this alliance is poised to revitalize the economy by harmonizing Somali business operations with global standards while curbing calamities like fraud and money laundering. "Beneath the facade of this partnership lies a blueprint for discussions on its potential impacts, strategies to bring registration…

How Digital Banking is Transforming Somalia's Economy MOGADISHU, Somalia - The digital tidal wave sweeping through banking is poised to reshape Somalia's economic landscape, which is currently on an upswing thanks to improved security in various locales. Somalia's National Digital ID initiative aims to revolutionize banking services, spurred on by a collaboration between the National Identification and Registration Authority (NIRA) and the Somali Bankers Association (SBA). Abdiwali Tima'adde, the top honcho at NIRA, believes…

In Ethiopia, the conflict continues in Tigray province. It killed thousands of people and also caused significant damage. In particular, many infrastructures have been looted or destroyed. With our special correspondent in Aksum, Sebastien nemethThere are dozens of those waiting in a long line that stretches around the…

French prosecutors have launched an investigation by banking giant BNP Paribas into allegations of complicity in crimes against humanity, genocide and torture in Sudan, sources said on Thursday. The International Federation for Human Rights (FIDH), which had lodged a complaint against the French bank, announced on Twitter that an investigation had been launched, confirming information to AFP from a legal source. Almost a year ago, nine Sudanese victims backed by rights groups, including FIDH, filed a criminal complaint…