Aid agencies express concern at closure of Money Remittance Providers in Kenya
Annual Report 2014
Please View the revised Mandate (2014) for Sign On by members
Evaluation of the Somalia NGO Consortium
Click on this slide to view skills development opportunities from various sources listed on the calendar. Please note that these are for information purposes only.
RMA Poster (Pin-Up)
The Somalia NGO Consortium promotes information sharing, cooperation and joint advocacy initiatives amongst local and international NGOs working in Somalia and Somaliland through the following activities:
Provides a forum for and actively supports members to promote dialogue, collaboration, learning experiences and information exchange
Regularly shares information collectively and advise NGOs bilaterally
Represents Consortium members to governments, UN agencies, donor groups, and multilateral organisations at local, national, and international level.
Facilitates and supports advocacy initiatives, including raising public awareness of programming in Somalia, on behalf of the membership
Ensures synergy of Consortium objectives and activities with the NGO Safety Programme (NSP), providing specialised, coordinated and focused security management support to reduce risks posed to personnel and assets
POSSIBLE REOPENING OF MONEY TRANSFER OPERATORS (MTOs) IN KENYA
Somalia is not only one of the most remittance-depenedent countries in the world, it also faces a unique set of challenges in its effort to maintain remittance inflows. Unlike the remittance industry in many countries, Somalia's money transfer system is transparent, affordable and accessible to custormers. Remittances to Somalia amount to approximately $ 1.3 billion a year. Remittances are a lifeline for many Somalis, providing them with a means to meet their immediate needs for food, shelter, clothing and other basic necessities as well as open and sustain small businesses, send children to school, and invest in their communities. Remittances to women, in particular, result in investments in education, health and nutrition. Remittance account for between 25 and 45 percent of Somalia's economy and exceed the amount it receives in humanitarian aid, development aid and foreign direct investment combined. As Somali money transfer operators lose their bank accounts, Somali families lose their only formal or transparent channel through which to send money. Somalia needs long-term support to build sustainable financial institutions as well as urgent help to maintain its current remittance flows.
Following MTO closures in Kenya after the horrific April Al Shabaab attack on Garissa University College that left at least 148 people dead, discussions to finding a plausible permanent solution to this issue have been on-going. As of Thursday June 18, 13 MTOs or hawalas that were suspended by the government two months ago over allegations of financing terrorism will soon re-open after President Uhuru Kenyatta issued an order to that effect. In a written statement from State House, the President directed the Central Bank of Kenya to immediately issue comprehensive regulations that guide the operations of the firms, upon which their suspension would be lifted. Some of the money remittance firms that are set to reopen include Dahabshill Money Transfer Ltd, UAE Exchange Transfer Ltd among others. Before the 13 MRPs were suspended, they were licensed and regulated by the Central Bank of Kenya while their financial transactions were monitored by the Financial Reporting Centre, a state agency that works to combat financial crimes such as money laundering and financing of terrorism among others. There have been indications that the regulations will be enhanced further to seal any loopholes that may have existed. Reopening of MTOs is well received particularly within the NGO fraternity.
Who, What, Where
Get up to date information about programmes running in Somalia by viewing our Who, What, Where map.
The interactive WWW map tracks operational presence in Somalia, and is meant to increase cooperation and coordination between the Consortium members and other organisations.