HEADLINES:

Al-qaida Share ,IBS bank Somalia launches Visa Card Payment

0
Saturday July 17, 2021 - 04:33:10 in Articles by Super Admin
  • Visits: 18995
  • (Rating 0.0/5 Stars) Total Votes: 0
  • 0 1
  • Share via Social Media

    Al-qaida Share ,IBS bank Somalia launches Visa Card Payment

    Waagacusub.net - IBS Bank Somalia, which is believed to have the largest amount of money, Al-Qaeda Finance Secretary Fazul Abdallah from Comoros has started issuing Visa Card Payments for the first time. Al-Shabaab's finance secretary confirmed

    Share on Twitter Share on facebook Share on Digg Share on Stumbleupon Share on Delicious Share on Google Plus

Waagacusub.net - IBS Bank Somalia, which is believed to have the largest amount of money, Al-Qaeda Finance Secretary Fazul Abdallah from Comoros has started issuing Visa Card Payments for the first time. Al-Shabaab's finance secretary confirmed that Mohamed Ali Warsame had $ 157 million in cash, according to Khalif Ereg, who was later bribed with $ 2 million.
Visa has partnered with the International Bank of Somalia (IBS Bank) to launch Somalia’s first Visa card payment service. This partnership will enable Somalians to enjoy both global and local cashless payment opportunities. 

"For Visa to come to Somalia, it means that we are on the right path of growth and progress. We will continue to make partnerships and bring convenient and innovative financial solutions to the people,” said Mahat Mohamed, the CEO of IBS Bank.

Somalia, a country that had no formal banking or financial system since the collapse of its government in 1991, has been making serious headways in reawakening the pulse of its financial entities. 

In 2014, 47 years after the Automated Teller Machine was invented and 25 years after it was introduced in Nigeria and Kenya, Salaam Bank installed the first-ever ATM in Somalia in Mogadishu, the capital state. The ATM was to facilitate cash withdrawals (dollars) for only diaspora returnees and foreigners. 

Then a year later in June 2015, MasterCard became the first international payment network to enter the Somalia market in partnership with Premier Bank and issued 5,000 debit cards to be used by Premier Bank account holders, for domestic transactions.

"New players are coming on board now. Two years ago, we had about five licensed banks, and today we are talking of 13 licensed commercial banks. That goes to demonstrate the appetite that is there.” Mohamed added.

According to Somalia’s Central Bank Governor, Abdirahman Mohamed Abdullahi, the Visa partnership will connect Somalia to the global financial system and show the growing confidence in the country’s banking and finance sector.

The presence of both Mastercard and Visa in Somalia will help position its market as arable land ready to receive seed and produce a bounty harvest.

"We plan to install an electronic verification system that will ease biometric identification of customers opening bank accounts or transacting in Somalia. We believe this will help to build international trust and confidence in transactions originating from Somalia to other financial markets,” Abdullahi said.

With more partnerships like this, popular conversations around Somalia can increasingly focus on innovation and entrepreneurship.

Written By Omar Hilowle
Share on Social Media

UK Issues Advisory on Mandatory E-Visas for Travel to Somalia

The Government of the United Kingdom has issued new guidance to its citizens regarding travel to Somalia, stating that British passport holders are now required to obtain an Electronic Visa (E-Visa) prior to traveling to Mogadishu or any other part of Somalia. According to the advisory, E-Visas are mandatory for all travelers heading to Mogadishu, and even those transiting through or traveling to Hargeisa may be asked to present an entry visa at departure points. Full Article

 

Somalia: Official Report: Construction of Hobyo Port Officially Begins

Hobyo, Galmudug The long-anticipated construction of Hobyo Port has officially commenced, marking a major step forward for trade, investment, and maritime infrastructure in Galmudug State and Somalia at large. The project is being executed by a prominent Turkish construction company, whose team of experienced engineers has arrived in Hobyo to oversee and lead the implementation of the port development. Full Article

 

Somalia: Galmudug Minister of Commerce Arrives in Hobyo

Hobyo, Mudug The Minister of Commerce of the Galmudug State Government, Abdi Jama Keyse, arrived today in the coastal city of Hobyo, Mudug region. His visit is part of ongoing efforts to strengthen trade and economic development in the region, particularly around the strategic Hobyo Port. Full Article

 

Somalia's Political Cycle of Betrayal: From Mubarak to Saacid – History Repeats Itself

By Dahir Alasow | Investigative Journalist In the Middle East and Africa, politics has often been a theater of betrayal — where allies turn against each other, and power devours its own makers. The stories of Egypt's Hosni Mubarak, Mohamed Morsi, and Abdel Fattah el-Sisi mirror a political pattern that is now re-emerging in Somalia. Full Article

 

Union for National Dignity: Inside Somalia's New Political Power Bloc Ahead of 2026 Elections

By Dahir Alasow – Investigative Journalist, Waagacusub Media Mogadishu | Waagacusub.net | November 2025 A new political alliance is taking shape in Somalia as nine influential political figures — drawn from different parties, civic movements, and government backgrounds — have united under one banner known as the Union for National Dignity (Midowga Haybad Qaran). The coalition, announced through a joint press statement in Mogadishu, aims to create a unified political front capable of "restoring national cohesion, governance integrity, and public confidence in Somalia's democracy." Full Article

 

Somalia to Launch Electronic Travel Authorisation (ETA) System – A New Era of Airspace Control and Passenger Surveillance

By Dahir Alasow Investigative Journalist – Waagacusub.net The Federal Government of Somalia is preparing to implement a new Electronic Travel Authorisation (ETA) system that will digitally control all passenger movements entering or departing Somalia — including flights through Mogadishu, Hargeisa, Garowe, and Bosaso international airports. According to official documents obtained by Inside Somalia, the system will become fully operational on 27 November 2025, marking one of the most significant aviation security reforms in Somalia's modern history. Full Article

 

Building the Future of Somalia's Coastline - Waagacusub Real Estate

Waagacusub Real Estate is proud to announce the development of new modern residential communities across Somalia's most beautiful coastal regions, including Jazeera Beach, Ceel Macaan, and Hobyo City. These vibrant new neighborhoods, collectively known as Waagacusub Village, are designed to redefine seaside living while promoting sustainable urban growth and investment opportunities in Somalia. Full Article

 

Somalia: Clan Divisions Surface as Jacob Frey Wins Third Term in Minneapolis Mayoral Race

Tensions, celebrations, and disappointment have swept across Somali social media circles following the fiercely contested Minneapolis mayoral election, where the race took on deep clan and community undertones among the city's large Somali diaspora. Full Article

 

ICG Calls on EU to Step In and Resolve Somalia's Election Deadlock

The International Crisis Group (ICG) has urged the European Union (EU) to play a more proactive role in ending Somalia's escalating political standoff, warning that prolonged instability could undo years of fragile progress and allow Al-Shabab to regain strength. Full Article

 

Alasow Medical Center provides a complete support system for patients traveling from Somalia to India for medical treatment

Alasow Medical Center – Overview Alasow Medical Center is a specialized medical facilitation organization that supports Somali patients seeking treatment in India. The center operates under the vision of improving access to quality healthcare for Somali citizens through professional guidance, affordable assistance, and compassionate care. Full Article

 


Leave a comment

  Tip

  Tip

  Tip

  Tip

  Tip


Netherlands Secure World Cup 2026 Spot in Style – Koeman Warns: "Victory Is Only the Beginning"

By Dahir Abdulle Alasow – Investigative Sports Journalist Amsterdam – 18 November 2025 =The Dutch national football team is celebrating a historic achievement after officially qualifying for the FIFA World Cup 2026 with a dominant 4–0 victory over Lithuania in Amsterdam on Monday night.

Ethiopia Strengthens Gulf Ties: Somali-Region Diplomat Jamal Bakar Named Ambassador to UAE

Addis Ababa, Ethiopia – In a move highlighting Ethiopia's growing focus on Gulf partnerships, Prime Minister Abiy Ahmed has appointed Ambassador Jamal Bakar, a senior diplomat from the Somali Regional State, as the country's new Ambassador to the United Arab Emirates (UAE).

Union for National Dignity: Inside Somalia's New Political Power Bloc Ahead of 2026 Elections

By Dahir Alasow – Investigative Journalist, Waagacusub Media Mogadishu | Waagacusub.net | November 2025 A new political alliance is taking shape in Somalia as nine influential political figures — drawn from different parties, civic movements, and government backgrounds — have united under one banner known as the Union for National Dignity (Midowga Haybad Qaran). The coalition, announced through a joint press statement in Mogadishu, aims to create a unified political front capable of "restoring national cohesion, governance integrity, and public confidence in Somalia's democracy."

Somalia: Clan Divisions Surface as Jacob Frey Wins Third Term in Minneapolis Mayoral Race

Tensions, celebrations, and disappointment have swept across Somali social media circles following the fiercely contested Minneapolis mayoral election, where the race took on deep clan and community undertones among the city's large Somali diaspora.

D66 Triumphs in Dutch Elections as Far-Right Support Collapses

A new political era emerges in the Netherlands after a centrist victory led by Rob Jetten. Breda (Waagacusub.net) – The Netherlands' 2025 general election has reshaped the country's political landscape, with the liberal-centrist party Democrats 66 (D66) emerging as the clear winner. Led by Rob Jetten, D66 secured a decisive victory over far-right rival Geert Wilders and his Party for Freedom (PVV), whose support dropped sharply across the nation.

Somali Cabinet Approves Landmark Bill Banning Female Genital Mutilation

Mogadishu – The Cabinet of the Federal Government of Somalia has today approved a historic bill banning female genital mutilation (FGM), marking a major step toward protecting the rights and dignity of women and girls across the country. The proposed legislation criminalizes all forms of FGM and introduces penalties for those involved in conducting or facilitating the practice. Government officials emphasized that the bill is part of a wider national effort to eliminate gender-based violence and uphold human rights. Full Article

 

Why Is the Netherlands Sending Scarce Air-Defense Missiles to Poland — and Does It Risk Leaving Itself Exposed?

Amsterdam — November 2025 - The Dutch government has announced the deployment of Patriot air-defense missile systems and more than 300 troops to Poland as part of NATO's effort to reinforce the alliance's eastern flank amid the ongoing war in Ukraine. The mission begins on December 1, 2025, and is expected to continue through June 2026. Full Article

 

President Erdoğan Meets Zelenskyy at Presidential Complex in Ankara

Ankara, Türkiye — November 2025 Turkish President Recep Tayyip Erdoğan received Ukrainian President Volodymyr Zelenskyy at the Presidential Complex in Ankara on Wednesday during Zelenskyy's working visit to Türkiye. The high-level meeting comes amid ongoing conflict in Ukraine and heightened regional tensions in Eastern Europe. Full Article

 

Netherlands Secure World Cup 2026 Spot in Style – Koeman Warns: "Victory Is Only the Beginning"

By Dahir Abdulle Alasow – Investigative Sports Journalist Amsterdam – 18 November 2025 =The Dutch national football team is celebrating a historic achievement after officially qualifying for the FIFA World Cup 2026 with a dominant 4–0 victory over Lithuania in Amsterdam on Monday night. Full Article

 

President of Uganda Warns: "If We Don't Get Sea Access, There Will Be War"

A diplomatic rift has emerged between Kenya and Uganda — two key East African nations — following strong public remarks by Uganda's President Yoweri Museveni regarding maritime access and regional integration. Speaking at a public rally in late October, Museveni declared that "Uganda is going to enter the Indian Ocean via Kenya," a statement that raised alarms and triggered widespread debate over the implications for regional stability and sovereignty. Full Article

 

Hormuud telecom and Al-Shabaab's Strategy of Destroying Mobile Communication Masts

Hormuud's Assault on African Peacekeepers Figure 14: African Peace Keepers Hormuud launched a scorching public campaign against the Kenyan military forces in AMISOM in late August 2019. Full Article

 

Former Intel official stripped from NISA membership

Former Intel official stripped from NISA membership Full Article

 

PM KHEYRE USELESS AND COSTY OVERSEAS TRIPS.

PM KHEYRE USELESS AND COSTY OVERSEAS TRIPS. Full Article

 

Abiy says 'New Year' will be celebrated in Eritrea, Ethiopian Airlines to resume flights

Abiy says 'New Year' will be celebrated in Eritrea, Ethiopian Airlines to resume flights Full Article

 

Massive rise in Islamist militant attacks in Africa

Massive rise in Islamist militant attacks in Africa Full Article