Dahabshiil Uganda

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Company Background

Dahabshiil, an indigenous African company, 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. 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.

In addition to serving individual customers, Dahabshiil offers money transfer and banking services to businesses and international organisations, 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’s services as ‘the only safe and efficient option to transfer funds to projects’.

The importance of money transfer services

Many international organizations have recognized the crucial role of remittances, both during humanitarian crises and for development. For example, organizations including the United Nations, World Bank, Oxfam and others comment regularly on the importance of money transfer services. They describe them as a life-line for millions of people, especially those living in rural communities where other financial services, such as banks, do not exist. Dahabshill is very strong in rural communities. As well as enabling Africa’s very poorest people survive, Dahabshiil allows others to invest and create jobs, contributing to growth on the continent.

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