Browsing Tag

money

Decoding Taxpayer Funds: FBI Traces Money to Home and Car Purchases in Feeding Our Future Initiative

During the Feeding Our Future trial, the final prosecution witness detailed how defendants allegedly misused child nutrition funds, funding extravagant purchases. The case involves seven Twin Cities-area defendants accused of embezzling $47 million from meal programs managed by the USDA and the Minnesota Department of Education. FBI forensic accountant Lacra Blackwell provided compelling evidence of the defendants' money laundering, tracing funds from child nutrition programs through nonprofits to the defendants'…

Thriving Livestock Trade Empowers Baidoa Graduates to Generate Income

Abdullahi Sharif caught Mohamed Kheyr and his partner taking care of some livestock.In Baidoa, Somalia, a group of 30 educated men have found success by purchasing underweight animals and selling them for a profit after fattening them up.Leading the Wadajir association is Mohamed Kheyr, a graduate in agriculture who struggled to find a job after completing his studies in 2022.Pooling their resources, the men invested $1,000 to kickstart their business, resulting in a $4,000 profit in the first three months.They purchase lean…

New research assesses the effects of mobile money service on small and

New research assesses effects of mobile money service on small and medium-sized businesses in Somalia To disseminate the newly discovered knowledge among researchers and the public, the Research and Development Center of SIMAD University organized a forum for disseminating research results at the Primo Palace. Ustad Abdinor Ali Mohamed, Principal Researcher and Lecturer at the Faculty of…

The price war rages between Orange Money and

In Senegal, the mobile payment operator Wave announced on Saturday, June 5, that it had arrested the regulator to measure sales of Orange telephone credit through their platform, which has now become impossible. An announcement that falls a few days after the drastic 80% drop in Orange Money prices, in the country where the trade war is fierce between these two electronic money services.…

The place did a number of the lacking cash go?

The case dates again to the summer time of 2020. The Survie Cameroon fundraising platform, launched by political opponent Maurice Kamto to assist struggle Covid-19 in Cameroon, reveals almost 1.1 million folks. However there is barely about 800,000 euros in Survie's checking account. Or a distinction of 330,000 euros. For a number of months and regardless of the reasons given by the donors to Maurice…

consider better use of money transfers

In a report published last year, the World Bank predicted a 23% reduction in remittance rates due to the impact of the Covid-19 pandemic on the employment of migrant workers. In Mali, diaspora money officially and according to the latest available figures represents more than 5% of the country's GDP. as reported from Bamako,…

Congo-Brazzaville needs new money and

As of March 12, the Republic of Congo is launching a 100 billion CFA franc bond issue within the CEMAC zone. The funds will be used for the infrastructure programs in the 2021 budget, and part of the money will also be used to repay the domestic debt to companies. Brazzaville has no choice but to borrow, because despite an agreement reached in 2019 with the IMF, the institution is reluctant to release…

The members of the Riksdag must send money back to the state

Once is not common, in Kenya, parliamentarians have to return money to the state. Yesterday, the High Court of Justice asked the 416 elected representatives to reimburse ten million dollars. This amount corresponds to a housing allowance that they have received for more than two years. A financial support that they had voted in their own favor and caused a stir in the country. Each parliamentarian will have one year to repay more than $ 24,000. A significant sum given the Kenyan standard of living, but much more…

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