Banking institutions closing the hawala accounts

first_imgRelated International bans hurting Hawala operators Businesses show increased confidence in banking sector Talk Africa: Closing Daadab Refugee Camp Remittance services to Somalia makes up a significant chunk of Somalia’s annual income, as millions living overseas send money home to their families. That vital lifeline has come under fire, of late. First, banking institutions in the US and the UK stopped servicing hawala accounts, and now even governments  like Kenya’s, are taking a sledgehammer to remittances services. CCTV’s Mohamed Hirmoge reportslast_img