Somalia Money Remittance companies and who owns it

[Bohol]

This is a informative thread so we can know which company you might use that contributes to
development in your regions also if it is politically active Money Remittance company.


Main Money Remittance companies in Somalia

1.Tawakal Express (Leelkase) - Puntland origin
2.Amal Express (MJ) - Puntland origin
3.Hodan Global (HG) - South Central Somalia
4.Dahabshiil (HJ) - Somaliland origin
5.Amoud Express (Gadabursi) - Somaliland origin



add others

 

[Thegoodshepherd]

I think Amal is also the biggest in Jubaland, it was founded in Canada and in Kismayo simultaneously during the height of the civil war.

 

[Bohol]

I think Amal is also the biggest in Jubaland, it was founded in Canada and in Kismayo simultaneously during the height of the civil war.

They all operate all over Somalia but there is certain areas where they make up the
no.1 company. Heck there is even Takawal in Ceel Afweyn Lol. However biggest
customers for Tawakal and Amal come from their Darood bases (Puntland and Jubbaland).
Tawakal also has a bank in Mogadishu.

 

[embarassing]

I know there is one called Juba Express, Ive no idea who owns it or what clan they come from though lol.

 

[Bohol]

I know there is one called Juba Express, Ive no idea who owns it or what clan they come from though lol.

Jubba Airlines is owned by Hawiye so Juba Express is likely owned by them as well.

 

[Bohol]

7. Taaj Express (a new one but fast growing and has branches in several places) - A offshoot of Hormuud - Duduble

 

[Saalax Bidaar]

Worldremit - HA
Qaran:HY?

 

[Bohol]

Worldremit - HA
Qaran:HY?

Zaad Service (Telesom) - Mainly Cidagale & HY shareholders.

 

[Madaxkuti]

Zaad Service (Telesom) - Mainly Cidagale & HY shareholders.

How about darasalam bank they should start a xawaalad service also their ATM's were handy while I was in Hargeisa because I lived near ambassador I used to use it regularly

 

[Bohol]

How about darasalam bank they should start a xawaalad service also their ATM's were handy while I was in Hargeisa because I lived near ambassador I used to use it regularly

Salaam Bank has its origins in Mogadishu. It is a offshoot of Hormuud (largest telecommunication company in South Somalia).

 

[Bohol]

Hormuud makes $40 million annually with 5,000 shareholders (back in 2013). The telecommunication industry is much more profitable
than the xawaalads.



"The company makes some $40 million in turnover annually.The company has 5,000 shareholders made up of Somali speakers"


Somalia's Hormuud rings up telecom profits despite anarchy

http://uk.reuters.com/article/uk-somalia-hormuud-idUKBRE9AC0WQ20131113

 

[Bohol]

Conflict between companies sometimes spirals into open conflict in Somalia. For example in the Ceel Afweyn district Dahabshiil (Somtel)
tried to construct signal towers in a area settled by a different community more related to the CEO of Telesom (Abdikarim Eid) - Eidagale
as a result it was refused with the barrel of the gun since Telesom has monopoly in the area.





“Birihii [Taawerradii] Shirkadda DAHABSHIIL Ee Laga Taagayay Dhulkii Aanu Wada Degi Jirnay,
Ayay Nimankaas Aanu Tolka Nahay Yidhaahdeen Lagama Taagi Karo Oo Ay Rasaas Kala Daaleen

[Dagaalka Ceel-Afweyn) Wuxuu Ka Bilaabmay TELESOM Oo Ninka Ina Maxamed/Iid Oo Garxajis Ahi Madax Ka Yahay Iyo DAHABSHIIL Oo Nin Habarjeclo Ahi Leeyahay”

http://foorenews.com/somaliland-dag...yo-dahabshiil-oo-nin-habarjeclo-ahi-leeyahay/

 

[Ferrari]

Kaah ogaden
mustaqbal dir

 

[Bohol]

Kaah ogaden
mustaqbal dir

How could I forget Mustaqbal Lol it has been around for a longtime. Indeed Kaah Express is Ogaden.

 

[Bohol]

Each company has loyal clan supporters.


Here women from south Hargeisa (Eidagale) crack down on anti Telesom (largest
telecommunication company in Sland which Zaad service the e-money remittance
comes under) protesters in Goljano, North Hargeisa.

Haween Ka Jawaabay Mudaharadkii Xaafada Goljano Ee Lagag Soo Hor Jeeday Telesom

 

[GeKo]

7. Taaj Express (a new one but fast growing and has branches in several places) who owns it?

Hormuud (Duduble) own it.

 

[Bohol]

Hormuud (Duduble) own it.

Duduble are very rich. It is good news that the USA removed the owner of Hormuud
(Sheikh Jimcaale) and other companies from the terror list recently.

 

[Dhiig Sookeeye]

Hormuud makes $40 million annually with 5,000 shareholders (back in 2013). The telecommunication industry is much more profitable
than the xawaalads.



"The company makes some $40 million in turnover annually.The company has 5,000 shareholders made up of Somali speakers"


Somalia's Hormuud rings up telecom profits despite anarchy

http://uk.reuters.com/article/uk-somalia-hormuud-idUKBRE9AC0WQ20131113

Lol they make a lot more than $40M brother.

 

[Bohol]

Lol they make a lot more than $40M brother.

Yh true this was back in 2013 anyway.

 

[Arma]

Wow, even money transfer is not spared tribalism.