Dahabshiil

Dahabshiil
IndustryMoney transfer
Founded2004 (2004)
Burao, Somaliland
FounderMohamed Said Duale
Headquarters,
Key people
Abdirashid Duale (CEO)
Number of employees
over 2,000
Websitewww.dahabshiil.com

Dahabshiil (Somali: Dahabshiil, Arabic: دهب شيل) is a Somali funds transfer company, and is the largest money-transfer business in Africa.[1] It's headquartered in Burao, Somalia.[2] Formed in 2004, the firm operates from over 24,000 outlets and employs more than 2,000 people across 126 countries.[3] It provides financial services to international organisations, as well as to both large and small businesses and private individuals.[4][5][6] The company is also involved in community building projects in Somalia.[4]

  1. ^ "Transfer window: An African money-transfer firm with big ambitions". The Economist. 17 October 2015. Retrieved 17 October 2015.
  2. ^ Jaco Maritz (5 October 2010). "Running a thriving money transfer business from Somaliland". How we made it in Africa. Archived from the original on 5 September 2011. Retrieved 10 December 2011. Dahabshiil, a Somali word reportedly meaning gold smelter, was born as a result of Somalia's civil war, when those living outside the country had to send money to their relatives and friends back home.
  3. ^ Katrina Manson (24 May 2011). "Money man serves the Somali diaspora". Forbes. Archived from the original on 27 May 2011. Retrieved 10 December 2011.
  4. ^ a b "Decades of community service recognised with award". Tower Hamlets Recorder. 13 May 2010. Archived from the original on 12 January 2012. Retrieved 10 December 2011.
  5. ^ Paul Trustfull. "Freeing Finance: If money makes the world go round, Dahabshiil CEO Abdirashid Duale makes sure it goes to the right people". Forbes. Archived from the original on 6 January 2012. Retrieved 10 December 2011.
  6. ^ "UK Somali Remittances Survey" (PDF). Archived from the original (PDF) on 9 November 2020. Retrieved 16 June 2010.