SOMALIA: Dahabshiil Provides Vital Remittances, Says BBC

LONDON, PRNewswire/ -- By handling remittances from the international Somali diaspora, Dahabshiil provides a vital source of income for African communities and in doing so, has become Africa's largest money transfer company, according to a recent article by the BBC.

In the interview by Zeinab Badawi of the BBC, Dahabshiil's CEO, Abdirashid Duale, speaks about his company's operations in Somaliland and of the difficulties in doing business abroad that arise from the unofficial status of the region, once British-controlled, in North West Somalia.
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Dahabshiil CEO Calls for Support From International Community to Help Somalis

LONDON, May 24, 2010 /PRNewswire/ -- The CEO of Dahabshiil, the largest international remittance business in the Horn of Africa, has called for support from the international community to work with the private sector in Somalia.

Abdirashid Duale, CEO of Dahabshiil, also says external recognition is required to support the private sector in the reconstruction and development of the region.

Speaking at the United Nations Political, Security and Reconstruction Conference for Somalia, in Istanbul, Mr. Duale highlighted the constraints facing Somali businesses and called for reforms to support the private sector.
The conference, co-hosted by the Turkish government and UN Secretary General, Ban Ki-moon, was attended by foreign ministers, business leaders, and leading financial institutions, including the World Bank, African Development Bank and Islamic Development Bank. Read more