Mogadishu, Somalia: Dahabshiil, which has more than 24,000 agents and branches in 144
countries, plans to introduce banking systems including ATM machines in the country. In late
2009, it rolled out electronic banking in Hargeisa teaming-up with leading Somaliland retail
stores. Dahabshiil also opened an Islamic bank in neighbouring Djibouti in early 2009.

Dahabshiil Financial Services (Dahabshiil) is the largest remittance company in the Horn of
Africa. It was founded in the 70s as a general trading enterprise in Somalia by a Somali
entrepreneur, Mohamed Says Dualeh, who through exceptional business acumen, hard work and a
rare knack for identifying opportunities has demonstrated how the pursuit of commercial
interests can support social and economic development. When the Somali government collapsed
in 1991, along with all its institutions, Mohamed Says saw a void in the financial sector
and developed a vision to keep Somalis in the Diaspora firmly linked to their families in
the devastated country.

Dahabshiil has an extensive worldwide money transfer network serving Diaspora communities
from East Africa, in particular, Somalia, Djibouti, Eritrea, Sudan, and Ethiopia, providing
them with a vital and often life-saving link to their home countries. Dahabshiil has the
largest network, with over 220 outlets, in the Somali regions, and holds the largest market
share among all remitters to the country.

In addition to money remittance, Dahabshiil Group includes companies in general trade, real
estate, construction, and telecommunication. It is also a major shareholder of Somtel, a
leading private telecommunication company serving the Somali regions.

 

 

 

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