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Salaam Somali financial institution’s loose microfinance reaches Afgoye

Salaam Somali Bank, a leading privately owned bank in Somalia, is making an excellent contribution to the country's economic growth by offering free microfinance funds for small business development. On Saturday, March 27, 2021, the bank's branch in the Afgoye district of the Lower Shabelle region provided funds to the local merchants, thanking them for timely and much-needed support that will help increase their trade. The recipients of the free microfinance program express their gratitude to the management and staff…

low hand on the central bank’s “incorrect banknotes”

An internal investigation by the Congolese central bank revealed more than a year ago embezzlement at its branch in Lubumbashi. Billions of Congolese francs would have been diverted there as they had to be destroyed or re-injected into the banking system. RFI was able to hear this file so far remained confidential. "I have nothing to do with these stories."…

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