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Uganda

Boosting Economic Stability: How Somalia is Driving Growth in Kenya and Uganda

Somalia's Impact on Kenya and Uganda's Economy In the midst of corruption and insecurity, Somalia's efforts to stabilize have shown positive results. The country has become a hub for foreigners, with many seeking work or investing in the nation. Recent reports reveal that remittances from Somalia to Kenya total $180 million and $21 million to Uganda. This showcases the influx of East Africans moving to Somalia for employment opportunities. Approximately 35,000 Ugandans are currently in Somalia, sending back up to $60,000…

Somalia is emerging as a prominent source of remittances for both Kenya and Uganda.

The envoy mentioned that skilled Kenyan workers are in various sectors like corporate, humanitarian, and hospitality. Currently, there are over 30,000 Kenyans working in Somalia, a number expected to increase significantly due to Somalia's inclusion in the East African Community, ensuring free movement among member states. Somalia was not included in the recent Central Bank of Kenya report on remittances, which highlighted countries like Tanzania, Uganda, and South Africa as major sources of money transfers from Kenyan…

Salaam Bank Uganda recognized as top new Islamic financial institution at IFN Global awards

Salaam Bank Uganda has received the prestigious title of Best New Islamic Bank at the IFN Global Awards 2024. This honor recognizes the bank's commitment to providing innovative and customer-centric Shariah-compliant financial services. Additionally, it acknowledges the bank's substantial contributions to the growth of Islamic finance in Uganda. The award ceremony took place in Dubai on April 25, where Salaam Bank Uganda's Chairman and CEO accepted the accolades. Mr. Ibrahim M. Abdirahman expressed gratitude for the…

Amniga xeryaha ciidamada Uganda oo aad loo adkeeyay ku dhawaad sanad kadib weerarkii Buulomareer

 Jimco, April, 26, 2024 (AX) - Amniga Xeryaha ciidamada Uganda ee Soomaaliya ayaad aad loo adkeeyay, iyadoo ay dhow dahay sannad guuradii koowaad ee weerarkii Buulomareer ee lagu dilay 54 kamid ah ciidanka Uganda.Weerkaas ayaa sababay in ciidamada Uganda ay weli maskaxda ku hayaan digniin kasta oo ay helaan taliyeyaashooda inay si degdeg ah uga jawaabaan.Labo kamid ah saraakiishii ugu sarraysay xerada ciidanka Buulomareer ayay Uganda ka eriday shaqada, ka dib markii lagu eedeeyay inay iska indho tireen xogo la helay oo…

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