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Issue 496/ 30th July - 05th August 2011

Front Page

Somaliland News

News Headlines

Somaliland Journalist Association Elects New Leaders

House Of Representatives Debates Mining Law

Worldremit Launches Online Money Transfer To Ethiopia

South Sudan Becomes African Union's 54th Member

Local and Regional Affairs

Former Kenyan Minister To Face Trial On Corruption Charges

UN Report Says Eritrea Planned Attack On AU Summit

UN: One-Third of Somalis Needing Aid Are Children

IOM Provides Coastguards From Somaliland, Puntland And Djibouti With Lifesaving Rescue At Sea Skills To Protect Vulnerable Migrants

HEALTH: Addressing Mental Illness Stigma In Somali Diaspora

EU To Send Further €27 Million To Fight Famine In East Africa

Three African Troops 'Killed In Mogadishu Fighting'


UCID’s Leaders Need To Come Back To Their Senses

Features & Commentary

While Somalia Stagnates, Somaliland Flourishes

Somaliland: The Former British Colony That Shows Africa Doesn't Need Our Millions To Flourish

Birding In Somaliland: A Trip Report 

Learning From Somaliland: Top Down Versus Bottom Up

After South Sudan, Should Somaliland Be Africa's Next New State?

International News


Why Norway, Why In This Way?

Can I Get A Little Piracy?

Key To Ending Piracy Rests Ashore


Worldremit Launches Online Money Transfer To Ethiopia

London, UK, July 30, 2011 --  WorldRemit, a leading online money transfer business, has launched an online money transfer service that enables the Ethiopian diaspora to send money back home using a variety of payment options including debit cards, credit cards and Interac Online (Canada).

In partnership with the Commercial Bank of Ethiopia (CBE), the largest bank in the country with more than 390 branches, the new service enables customers to send money from the privacy and convenience of their home or office, 24/7. All they require is Internet access, eliminating the need to take time off to visit an agent location.

 "With fees starting as low as £2.50 (or $4 in Canada) for transfers of up to $100 and best foreign exchange rates, we offer more competitive prices than informal networks that traditionally dominated this corridor," said Ismail Ahmed, CEO of WorldRemit.

Recipients can collect cash from any of CBE's 390 plus branches in Ethiopia, including more than 80 payout locations in Addis Ababa. As soon as a transaction is processed, the recipient gets an SMS on their mobile phone notifying them that they can pickup cash from the nearest branch.

"We are excited about our partnership with WorldRemit which further extends the range of money transfer services available to Ethiopian diaspora members who regularly send money back home," said Haimanot Amare, Director-Foreign Transfer and NR/NT Accounts, Commercial Bank of Ethiopia. "The collaboration accelerates our strategy to expand our global money transfer network and range of services available to the diaspora."

About WorldRemit

WorldRemit is an award-winning online money transfer business enabling customers to send money to family and friends back home using various payment options including debit cards, credit cards and Interac Online (Canada). WorldRemit now offers online money transfer to over 30 countries.

Media Contact: PR Team WorldRemit Inc., 1-888-772-7771, notifications@worldremit.com

Source: WorldRemit Inc









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