Erik looks at Hawala and bank systems [1] in Somalia: “Somali’s have been using the Hawala form of money transfer for centuries, to the tune of approximately $1.6 billion annually. Somalia, per capita, has one of the largest diaspora populations in the world.”
Somalia: Hawala Tech and Banks in Somalia
· Written by Ndesanjo Macha
Categories: Sub-Saharan Africa, Somalia, Economics & Business, Technology