Dahabshiil Distances Itself from Geopolitics

Money transfer company Dahabshiil says it only engages with governments in terms of service delivery.

In a statement, Dahabshiil management is distancing itself from any political involvement in countries it operates in. Dahabshiil has presence in over 120 countries across the world.

While reacting to allegations it was collaborating with political groupings, the company stated: “Dahabshiil is a private, global business and is not in any way affiliated with any political groupings or governments. Our only purpose is to offer good service to customers and make returns for our shareholders.”

“Dahabshiil is an indigenous African company, which was founded in 1970. It was set up as a new remittance venture to enable migrants to send money to family and friends back in the countries of East Africa.”

The company, which operates several subsidiaries including and bank and remittance services, said there have been media campaigns aimed at smearing its image.

It, however, maintained it will continue operating above board and meet all the internationally required standards for its operations.

“Dahabshiil has grown to be the largest African money transfer business operating in 126 countries across the world, 40 of which are in Africa. It remains a business committed to its original values of trust, reliability, integrity and customer-focus,” the company management stated.

“In addition to serving individual customers, Dahabshiil offers money transfer and banking services to businesses and international organizations, including the United Nations, World Bank, Oxfam and Save the Children. They rely on Dahabshiil to provide payment services to their staff, contractors, government institutions and partner NGOs. The United Nations describes Dahabshiil services as ‘the only safe and efficient option to transfer funds to projects’.”

Source: busiweek