Dahabshiil, the largest African international payments firm, has been honoured with the Excellence for Enterprise award at the 2013 Muslim News Awards ceremony at Grosvenor House in London, UK. Dahabshiil received the Ummul Mu’min Khadijah Award for its vital role in fostering social development and increasing financial stability in developing countries through remittance finance. The [...]

Dahabshiil, the largest African money transfer company, has agreed a deal with one of the world’s leading providers of software security services. The agreement will see the American-based organisation provide a suite of services, including encryption, monitoring and security of all company devices, systems and data. Precise details of the deal will not be released [...]

Over 500 people celebrated the Eleventh The Muslim News Awards for Excellence – Britain’s longest standing Muslim awards event – Monday, at London’s Grosvenor House. The coveted award ceremony recognised the very best of Muslim contribution to British society.

Abdirashid Duale, CEO of Dahabshiil, discusses technological advances in online and mobile payment transfers with Zeinab Badawi

Daniel Howden | The Independent

The build up to the London conference on Somalia has focused on what doesn’t work in the Horn of Africa nation – the coastguard, the central government, the security services – but the answer to the country’s crisis lies in examining what does work, argue Somali business leaders.

Read the article – The Independent

By William Maclean

LONDON (Reuters) – Turkey’s bold new interest in Somalia should be an example to other donor nations to give infrastructure projects as big an emphasis as traditional aid, a top Somali businessman said.

Turkish Prime Minister Tayyip Erdogan visited Somalia in August, the first non-African government leader to do so for nearly 20 years. The Turks have since opened an embassy, started work on the international airport, offered Somalis university places in Turkey and made plans to build a new hospital.

The CEO of Somalia’s largest private sector employer has called for the international community to help unlock the potential of social entrepreneurship in the region, so it can stage its own recovery from issues that have plagued it for more than 20 years.

Speaking ahead of the London Somalia Conference, to be chaired by British Prime Minister David Cameron, Abdirashid Duale, CEO of Dahabshiil, Africa’s largest money transfer business, said: “Somalis have high hopes that the international community will develop a concrete plan to improve the region’s future.

The BBC’s Dan Damon spoke to the chief executive of Dahabshiil, Abdulrashid Duale

It is estimated that around one third of Somalia’s income comes from remittances sent by Somalis living abroad.

Abdirashid Duale, CEO of Dahabshiil, addressed an audience at the London School of Economics on the challenges and opportunities of delivering financial services to developing countries. The event, ‘Delivering Money in Difficult Places’, was organised by the Microfinance Club UK – an independent organisation that promotes best practice in the delivery of microfinance to poor communities around the world. It was held in collaboration with the London School of Economics Development Studies Institute (DESTIN), and chaired by Tom Sanderson, CEO of Five Talents – a microfinance charity that provides loans and training funds to groups of entrepreneurs in Africa, Asia and South America.

Some of the financial services industry’s most influential figures attended the 2011 Global Money Transfer Summit (GMTS) to urge European regulators to provide greater clarity when they review the Payment Services Directive (PSD) next year. Representatives from key stakeholder organisations such as The World Bank, The Financial Services Authority (FSA) and HMRC came together at [...]