0
Online money transfer service WorldRemit today expands its service to Armenia by offering remittances to MobiDram, the mobile wallet offered by VivaCell. Founded by Dr Ismail Ahmed, ‘the man changing the world of remittances’ according to the BBC, WorldRemit is a quick, convenient, and low-cost way for people to send money to friends and family abroad.
With the WorldRemit app, people in 52 countries can now send money to Armenia, anytime, anywhere. Money is sent instantly to MobiDram mobile wallets – just like an instant message.
According to the World Bank, remittances contributed more than $2bn to Armenia’s economy in 2014, equivalent to almost 20% of its GDP. [1] There are at least 780,000 Armenians working abroad;[2]the total number of Armenians in the diaspora is thought to be larger than the country’s population.
With 82% of Armenia’s adult population without a bank account, mobile financial services such as MobiDram hold great potential for the 3.3 million mobile subscribers in the country, especially those who are recipients of remittances. [3] [4]
Alix Murphy, Senior Mobile Analyst at WorldRemit commented:
"WorldRemit is revolutionising money transfers. We know how Mobile Money will be the first and only means of financial services for hundreds of millions of people – we are therefore delighted to bring mobile-to-mobile remittances for the very first time to Armenia.
Armenians in the diaspora will no longer have to pay extortionate fees to send or receive cash at inconvenient agent locations – they can now send money home just like an instant message.”
[1] World Bank - Annual Remittances Data 2014
http://data.worldbank.org/indicator/
[2] World Bank – Bilateral Migration Matrix 2013
http://siteresources.worldbank.org/INTPROSPECTS/
[3]World Bank - Global Findex Database 2014
http://datatopics.worldbank.org/financialinclusion/country/armenia
[4] ARKA Telecom – Mobile Subscribers 2014
http://telecom.arka.am/en/news/
ENDS
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. Full Article
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
But Al-Shabaab derives the bulk of its funding for its operations from taxing business people and most lucrative companies in Mogadishu and control of most businesses in rural Somalia. 51 -Over the years, the terrorist group has established a well-structured and oiled taxation infrastructure supported by courts, road tolls, and loyal revenue payers. At the edge of the knife, the group's operatives demands that all business people and companies pay tax to its agents. Full Article
Waagacusub.net - Several members of Prime Minister Hassan Ali Kheyre's cabinet and senior government officials including close associates have been linked to money laundering, graft and corruption, according to sources. Some officials have allegedly been extorting businesses and NGO's, receiving illegal kickbacks, and steering inflated contracts to politicians, friends and family members as part of corrupt scheme. While other officials have misused development funds for regions, laundering millions of dollars to private bank accounts in Nairobi, Doha, London and Toronto. Full Article
Lawmaker calls for end to US taxpayer money for Somali National Army Full Article
Well Informed sources told Waagacusub media that the government of Kenya has given 2 million US dollars to the outgoing Somali Prime Minister Omar Abdirashid Sharmarke on Saturday to support his bid to vie for the presidency of his war torn nation of East African. Full Article
January 4 – The Somali Football Federation has inaugurated its first ever regional football league in the port city of Kismayo, about 500 kilometers south of the capital Mogadishu. Full Article
Waagacusub.net - Thousands of stakeholders of the Qaran Express shocked when they heard the news that the post of the deputy foreign minister of Somalia had been named Ahmed Ali Kadiye, who was one of those looted their money. Full Article
This article deals with the success story of the Value added service of EVCPLUS (an electronic Voucher Card+ Petty Cash Mobile Wallet), its social impact and its future prospects starting with a short background information on Hormuud Telecom Somalia, the company that launched this innovative E-wallet. Full Article
President HSM's Proclamation to Defeat Al-Shabab by Force in Somalia To overcome the complex problems of civil war, state fragility, and underdevelopment, the Somali people supported risky political changes for a government that promotes freedom, justice, peace, and prosperity in Somalia. For example, the Islamic movements enjoyed popular support to end the brutal reigns of warlords and the military occupation of Ethiopia and establish new government.
Waagacusub.net -Auditor General Mohamed Ali alias Afgoi has exposed missing millions of dollars from key departments within the Federal Government of Somalia [FGS], in what could raise questions about government expenditures. In his report, Afgoi said 25 entities and three embassies have been audited. Unsupported expenditure amounts to $9M; contracts worth $31M not registered with auditor general's office, the existence of unauthorized bank accounts outside the Treasury Single Account.
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.
I hereby inform the country that By virtue of the Authority given to the President of Uganda by Articles: 108(2), 108A(1), 113(1) and 114(1) of the 1995 Constitution of the Republic of Uganda, I hereby appoint H.E. the Vice President, Rt. Hon. Prime Minister, Honourable Cabinet Ministers and other Ministers as indicated below:
The Associated Somali Journalists is deeply concerned that journalists were today barred from covering the meeting of the leaders of the Federal Government of Somalia and Federal Member States (FMSs) as well as the Governor and Mayor of Mogadishu.
Waagacusub.net - Somalia's President Hassan Sheikh Mohamud on Sunday mourned the death of Namibia President Hage G. Geingob and sent condolences to the government of the African country. Full Article
Waagacusub.net - Somalia's former President Mohamed Abdullahi Farmajo on Monday warned of the risk of political crisis over plans by the incumbent President Hassan Sheikh Mohamud to overhaul the constitution. Full Article
Waagacusub.net - Egyptian President Abdel Fattah el-Sissi said his country will protect Somalia against any threat in what can be described as an indirect response to recent Ethiopia's move to access the seaport of Somaliland. Full Article
Egypt on Tuesday condemned a suicide bomber attack in Somalia that killed at least 20 soldiers. The attack took place at a training camp in the Somali capital, Mogadishu, on Monday. The al-Shabab terrorist group claimed responsibility. Full Article
President HSM's Proclamation to Defeat Al-Shabab by Force in Somalia To overcome the complex problems of civil war, state fragility, and underdevelopment, the Somali people supported risky political changes for a government that promotes freedom, justice, peace, and prosperity in Somalia. For example, the Islamic movements enjoyed popular support to end the brutal reigns of warlords and the military occupation of Ethiopia and establish new government. Full Article
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 Full Article
PM KHEYRE USELESS AND COSTY OVERSEAS TRIPS. Full Article
Abiy says 'New Year' will be celebrated in Eritrea, Ethiopian Airlines to resume flights Full Article
Massive rise in Islamist militant attacks in Africa Full Article
WorldRemit launches Mobile Money transfers to Armenia
The 'WhatsApp of money' partners with MobiDram mobile wallet for international remittances