Tag Archives: WorldRemit

WorldRemit founder Ismail Ahmed launches Sahamiye Foundation to tackle Somaliland’s development challenges and unlock entrepreneurial potential

Ismail Ahmed will seek to commit $500 million of his own wealth and investments over the next 10 years to Somaliland-focused development programmes. Sahamiye Foundation will aim to double Somaliland’s literacy rate to 90% by 2023. A team led by WorldRemit founder Ismail Ahmed has today launched Sahamiye Foundation, a philanthropic organisation focused on using […]

Remittances to Africa becoming smaller and more frequent, says expert

  Lower fees and technological innovation have resulted in 60% drop in average transaction value as African diaspora remits smaller amounts of money more often.   London, October 2012 – While the overall amount of money remitted to Africa is on the rise, the average value of remittance transactions between the UK and Africa is […]