June 14th, 2013
12:11 PM GMT
Share this on:

(CNN) - A groundbreaking new initiative is helping small business owners in Somalia link with donors through a mobile phone money transfer system.

E-Cash, a program backed by charity Oxfam, offers the convenience of avoiding long waits at money changers, and erases security issues that go with carrying cash in the street.

The initiative, which launched last year and already has 2,500 beneficiaries, targets vulnerable communities, such as women whose husbands have left them and who are breadwinners for their families, as well as disabled people.


Filed under: BusinessGlobal Exchange

soundoff (5 Responses)
  1. AlentinaX

    Скачивайте Aimp mmc pro , openal32 dll windows 8 , все до единой.

    June 16, 2013 at 7:54 pm |
  2. vxcnxcnerureu458

    Unbelievable…Wow… My friend Lynn has just married to a handsome black man.
    They met through ~~ ВlàckWhìteHub. C ℴ m~~ They told me it is a serious black and white dating for black&white singles looking for interracial relationship and love. I have tried. It is fantastic! Tens of thousands of charming singles are there. Come in and give it a shot, you will find your dream lesbian match there.

    June 20, 2013 at 4:19 pm |
  3. Bandon Donahue

    SOCR? Quiet for last 8 years and just last week it became current, and started new business model. Something huge maybe?

    August 21, 2013 at 10:59 pm |
  4. ?Weight loss

    ‘Cash by phone’ helps Somali businesses – Business 360 – CNN.com Blogs
    ?Weight loss http://forums.joslin.org/members/botanicalmeizitang/default.aspx

    August 27, 2013 at 10:44 am |
  5. NYC fitness events

    I think this is a great idea! The key to business is having the necessary tools to complete business tasks. Being abler to exchange money quickly is only a good thing.

    February 1, 2014 at 5:23 pm |

Post a comment


CNN welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.

About Global Exchange

Global Exchange explores how emerging markets are impacting and influencing the global financial community, at a time when business is a vital driver of the international news agenda.

Global Exchange is presented live from Abu Dhabi by emerging markets editor, John Defterios, who will be joined by CNN correspondents from around the world.

Global Exchange also includes the “GX20,” a global hotlist of some of the world’s biggest economic thinkers. The GX20 will be drawn from the key emerging markets, from across China, Russia, India and South Africa, contributing to the show and this blog.

Watch on CNN International Sunday to Thursday:

1100 ET
1600 GMT
1700 CET

Follow the show on Twitter @CNNGlobalEx and use the #CNNGlobalEx hashtag to join the conversation.

Powered by WordPress.com VIP