Hannah Gibson looks at the vital role remittances play in paying for essentials and investment for businesses and asks whether lower fees would be a good idea.
Edward Paice reflects on the undesirable effects of interrupting remittance flows to Somalia and the UK government response which lays the blame, wrongly, at the door of Somali money transfer operators.
Hannah Gibson assesses the implications for Somalia of Barclay’s announcement that it will close the accounts of all but 19 of its 165 clients in the remittance transfer business.
Edward Paice argues that an effective and sustainable solution to the issue of Somali remittances will require concerted political will and an appreciation of the unique nature of the Somali financial market.
Edward Paice talked to Abdirashid Duale, chief executive of Dahabshiil, about the crucial importance of remittances to the Somali region and the potential impact if money transfers are reduced.
