Sunday 13 December 2015

Somalia: Son of slain Somali political activist sues Dahabshiil money-transfer over bounty


star tribune-The son of a Somali singer and political activist gunned down by Al-Shabab operatives last year is suing an international money-transfer company with ties to Minnesota for allegedly paying a bounty on her life.
The lawsuit comes more than a year after the death of Saado Ali Warsame, 64, a Somali icon who lived in New York and Minneapolis before returning to her homeland in 2012.
Her longtime push for social justice included roles in pushing out the country’s military regime and becoming one of the country’s first female members of parliament. Her death was mourned from Mogadishu to Minneapolis.

The lawsuit may mark the first time a company has been sued for providing funding to Al-Shabab, said Joshua Arisohn, an attorney for Warsame’s 22-year-old son Harbi Hussein, who lives in Minneapolis.
Not long before her death, Warsame pointed her criticism toward Dahabshiil, Africa’s largest money-transfer business, which facilitates most of the $1.6 billion sent to Somalia each year.
The company, which houses a subsidiary headquarters in Minneapolis, is widely used by Minnesota Somalis to wire money to relatives back home, but it has been under international scrutiny for a lack of security in how money is transferred — and to whom, including potential terrorists in Somalia.
Last year, the Kenyan government temporarily suspended Dahabshiil’s operations after an Al-Shabab-led attack at the Westgate shopping mall in Nairobi in 2013. Several western commercial banks have ceased doing business with Dahabshiil, in part out of concerns over terrorist financing, according to the lawsuit.
Warsame was an outspoken critic of the company, writing a protest song playing off the business’ name, which means “gold smelter.” She instead called Dahabshiil a “blood smelter” and urged Somalis not to do business there. A music video by Warsame featured a rifle dripping with blood next to the company’s name.
According to the lawsuit, Dahabshiil “placed a multimillion-dollar bounty” on Warsame as a result of the song. She was killed in July 2014 by two Al-Shabab operatives in Mogadishu; they were sentenced to death and executed in May.
The lawsuit demands damages for pain and suffering by Hussein because of the loss of his mother. He declined a comment through Arisohn.
Arisohn, whose New York-based law firm has handled terror financing cases for nine years, said others could be out there.
“We are working hard to unearth all of the institutions who are financing terrorism, and I think it’s incumbent on the government and private citizens alike to investigate these matters and make sure that financial institutions like Dahabshiil are putting in place the safeguards that they are supposed to have,” Arisohn said.
Dahabshiil did not respond to a request for comment.
Arisohn said he intends to get the case to trial as quickly as possible on behalf of Hussein.
“It’s devastating whenever you lose a parent, but to lose your mother who was bravely trying to help a country in dire need and was assassinated, it truly is devastating,” he said.

Source: Mareeg.com
Time: 07:43 pm GMT
Date: 13/12/2015


Friday 4 December 2015

Zeepay, Small World FS Launch Mobile Money Wallets Partnership in Ghana


Payments provider Small World FS and Ghanaian mobile financial services aggregator Zeepay have struck a partnership to offer mobile money wallets in Ghana.
The deal will effectively give access to remittances from around the world to some six million people in the West African country who rely on them as a source of livelihood. The mobile money wallet service will allow for emigrants around the world to send money directly into Ghanaian bank accounts or local mobile wallets.
Ghana is the destination for over $1 billion in international remittances, out of a total $44 billion for the whole of Africa. The country has been seeing a fast progress in mobile payments services: the past 12 month saw more than 130 million transactions, performed via 7 million mobile wallets, according to Small World FS.
Small World boasts a global network of 250,000 payments destinations, focusing on the quick and hassle-free delivery of payments from point A to point B.


New Payments Ecosystem

Zeepay works with a range of mobile network operators and money transfer providers with a view to creating a new retail payment ecosystem in Ghana.
Africa is leading the way globally in mobile money
Commenting on the partnership, Chief Executive Officer Nick Day, said: “Africa is leading the way globally in mobile money, and today’s announcement is another step forward in this revolution.”
Zeepay co-founder Andrew Takyi-Appiah added: “ For the first time, an African emigrant can send money directly to a Mobile Money Wallet, simply by inputting the recipient’s Mobile Money number.”
There are currently some 78 million mobile wallets in Africa, according to BMI Research data, cited by Small World FS, and this is projected to expand to over 100 million by the end of this year.


Source: Finance Magnets
Date: 12/04/2015

Time: 11:45 GMT