Somalia’s strong mobile-money market faces new competition from Visa

The International Bank of Somalia (IBS) introduced on 7 July a first into Somalia’s financial services: a Visa card. The international card will not only offer Somalis a quick and convenient access to money, but it is proof that despite prolonged conflict, the country’s financial sector has remained resilient. (more…)

A New Era of East African Trade

UAE port operator DP World and the government of Somaliland opened a new container terminal in the Berbera port this week. The new terminal increases the (more…)