Posts tagged ‘Nairobi Forum’
Date: Friday 25 October 2013
Venue: The Kenyatta International Conference Centre (KICC), Safari Lounge – Ground Floor
Time: 9:30 am – 12pm
Entrance is by prior registration only. Register here
Chair: Jan-Petter Holtendahl, Royal Norwegian Embassy, Nairobi
Panellists: Ambassador Mahboub Maalim – Executive Secretary, IGAD, Ambassador Mohamed Ali – Somalia’s Ambassador to Kenya
The Intergovernmental Authority on Development (IGAD) aims to promote peace, security, prosperity and economic integration in Eastern Africa. Since 2004, it has been active in supporting the re-establishment of a sovereign government in Somalia.
On 25 October 2013, the RVI Nairobi Forum is convening a distinguished panel of speakers to reflect on IGAD’s past and future role in Somalia. Ambassador Mahboub Maalim, the Executive Secretary of IGAD, will be the keynote speaker. He will be joined on the panel by Ambassador Mohamed Ali, Somalia’s Ambassador to Kenya. The meeting will be chaired by Jan-Petter Holtendahl, Counsellor for Somali Affairs for the Royal Norwegian Embassy in Nairobi.
Date: Wednesday 11 September 2013
Venue: KICC – Aberdares Room
Time: 10am – 12pm
Entry: STRICTLY Prior Registration
Every year, Somali migrants around the world send approximately $1.3 billion to friends and families at home, dwarfing humanitarian aid to Somalia. Individual transfers are usually less than $300, and often as little as $35. Families depend on the money for basic costs such as food, water, education and healthcare, and to cope with new crises.
A recent report by the UN Food and Agricultural Organisation shows that up to 40 percent of families receive some form of remittance, and that the money is integral to their survival. However, banks and regulators are in danger of inadvertently undermining this financial lifeline and driving it underground, as interpretation of UK and USA money laundering and counter terrorism legislation becomes tighter. Banks in the West are closing down the accounts of money transfer operators, thereby threatening to cut the lifeline to hundreds of thousands of Somali families.
This meeting will examine the impact of the decision by UK and US Banks to discontinue their services to the Somali remittance companies and explore challenges raised by the international remittance sector.