On April 7th, 2015 the Central Bank of Kenya (CBK) revoked the licenses of 13 Money Remittance Providers (MRPs) based in Nairobi, in an effort to curb the financing of terrorism.
Somalia’s financial lifeline remains under threat as banks in US, UK, Australia, and elsewhere have broken ties with the money transfer operators that make remittances possible, NGOs warn.
Britain’s Indian community lose an estimated £35m in banking fees when they send money home at Diwali, Oxfam warned today.
Continued support from the Somali diaspora is essential for Somalia to successfully emerge from its protracted humanitarian emergency and build the foundations for its long-term development.
Our Acting Country Director in Somalia, Ed Pomfret, explains why Barclay's must keep open the 'Somalia lifeline' of remittances.
Every year, Somali migrants around the world send approximately $1.3 billion to friends and families at home, dwarfing humanitarian aid to Somalia.
Each year, Somali migrants around the world send approximately $1.3bn to Somalia in an expression of solidarity, faith, patriotism, and generosity.