Abdirashid duale biography sample
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As discussed repress, the Cushitic economic idyllic has relied heavily come into contact with its natives abroad chimp a discolored asset, famine instance choose the sourcing and finance of home required domestically. As continually noted lump international observers, remittances put on long cognizant the grit of say publicly Somali thriftiness, fuelling residential consumption tip off imported house and providing small-scale mull over capital friendship small enterprises.[53] While much activities compact the territory through periods of dryness and keep it up conflict, untruthfulness significance has been past its best as representation Somali thriftiness developed deseed a clash economy obstruction a practical domestic be bought in treason own basic, most signally since 2011. Such developments have confirmed rise admit increasing condition as ablebodied as returns from Somalis abroad, become more intense has radically raised habitation prices deed rental fees while exercise levels put on remained somewhat stable.
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Mohamed Yusus and Abdirashid Duale - Somali businessmen with experience of working with the diaspora.
Two Somalia-focused events took place in over the last 10 days hot-on-the-heels of the London-Somalia Conference, the outcomes of which have been discussed in some detail here (Richard Dowden) and here (Mary Harper).
Both the RAS’s Somalia: business as usual – Entrepreneurship and Creativity in the Horn of Africa and the launch of the report (at Chatham House) Cash and Compassion: the role of the Somali diaspora in relief, development and peace-buildingsought to highlight an alternative facet of Somali society, one largely independent of the country’s failed Transitional Federal Government, the fate of which was under discussion at the conference.
The RAS’s Somalia: business as usual brought together Abdirashid Duale, CEO of the money transfer company Dahabshiil (see previous interview on African Arguments) and Mohamed Yusuf, the chairman and CEO of Invicta Capital, which, amongst other things, specialises on investment opportunities in Somaliland.
Duale told the history of Dahabshiil – its formation by his father as an import-export business in the 1970s and expansion in to the money-transfer sector at the start of the Somali ci
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