"In my experience, remittances have been instrumental in alleviating poverty and nurturing local economies in some of the Somali territories' most remote locations. Particularly through its work with IFAD, Dahabshiil has invested heavily in expanding its network of money transfer agents in order to reach those communities."Remittances are primarily based on peer-to-peer personal relationships. The rapid spread of new telecommunications technology has been essential to stabilising and increasing remittance flows by allowing people to keep in closer contact with their families in the diaspora."
Dahabshiil CEO And Dr Laura Hammond Discuss Preliminary Findings Of Remittance Research
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