Very good news on Wednesday when Barclays Bank agreed to give Dahabshiil, the Somali remittance company, sufficient time to find another way of transferring money from the UK and elsewhere to Somalia before closing its account with them.
Up to $2 billion a year is sent from Somali exiles to their families back home, mainly through Dahabshiil. With much of the country destroyed by war, this inflow keeps millions of Somalis and their families alive, drives what business there is and enables more Somalis to stay and rebuild the country rather than seek exile.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article