Business

Amal Express demands unconditional apology from GI-TOC

GAROWE (HORN OBSERVER) - A Garowe based money transfer company, Amal Express, has demanded an apology from Global Terror-Funding Watchdog months following clearance of wrongdoing the Central Bank of Somalia.

Heads of State launch historic UN Plan to stamp out Global Tax Abuse

A group of heads of state from around the world have launched a blueprint for a UN tax convention and a new intergovernmental tax body under the UN to radically tackle rampant global tax abuse, which is currently estimated to cost countries over $427 billion in lost revenues to tax havens every year.1…

Somalia: Mogadishu Port users pay around $1,000 per container beside the statutory taxes!

MOGADISHU, Somalia (Horn Observer) Over this period, between 1991 and 2006, the port in Mogadishu remained closed; the city had been enveloped in anarchy, insecurity, and civil war.

Somali Chamber of Commerce and Industry partners with GSM Business Solutions

MOGADISHU (HORN OBSERVER) Somali Chamber of Commerce & Industry and (SCCI) GSM Business Solutions have signed a Memorandum of Understanding where GSM agrees to provide technical support and assistance to SCCI to carry out activities that will improve business sector development.

How Facebook verification badge is sold and used for criminal activities in Somalia

MOGADISHU (HORN OBSERVER) A tech cartel group operating as government officials have been selling Facebook Verification Badge to numerous entities including those known to have run suspected criminal activities in the country, according to an investigation carried out by Horn Observer.

Small-scale traders should be at the heart of Africa's post COVID-19 investment efforts

ABIDJAN (HORN OBSERVER) Industry experts meeting this week for a virtual discussion focused on resetting, retooling and restarting regional integration in Africa in the wake of the COVID-19 pandemic, underscored the importance of putting small scale traders at the heart of any initiatives.

Accor grows its portfolio in Africa with signing of first three properties in Djibouti

DUBAI (HORN OBSERVER) Accor, a world-leading augmented hospitality group, is expanding its footprint in Africa after signing a management agreement with Kamak Investment to manage its first properties in Djibouti.

Somalia: Scaling up women's entrepreneurship education

MOGADISHU (HORN OBSERVER) – Despite its progress over recent years, Somalia remains a far from easy place for business and commerce, especially for women.

Somalia observes maritime sector role in post-COVID-19 economic recovery

MOGADISHU (HORN OBSERVER) With its key location along main international shipping routes and 3,300 kilometres of coastline, Somalia's potential as a key maritime player came to the fore recently as it marked World Maritime Day.

South Africa, Kenya and Nigeria saw Millions of Cyber Attacks in 2020

LAGOS (HORN OBSERVER) Kaspersky security solutions have reported on 28 million malware attacks in 2020 and 102 million detections of potentially unwanted programs (pornware, adware etc.) they have accounted for by the beginning of August 2020.