Bank of Somaliland

The Director General of the Central Bank of Somaliland, Mr. Yasin Alase, attended the 3rd monthly meeting on the #WaaheenMarket reconstruction project. Progress was reviewed and key sites including traders’ areas, meat and vegetable sections were jointly inspected. Funded by the Central Bank, the project continues to drive economic recovery and rebuild livelihoods. @AbdinasirAHersi @cityofhargeisa

Strengthening financial integration is key to economic growth. “Our financial systems are currently not interconnected. This system will bridge the gap and ensure seamless integration.” Governor of the Central Bank, Abdinasir Ahmed Hersi @AbdinasirAHersi #FinancialInclusion #DigitalTransformation #Somaliland #FinTech #EconomicGrowth

Building national capacity is key to a modern financial system. “This program will build national capacity to manage a fast and efficient payment system.” Deputy Governor of the Central Bank. Hamse Khaire #FinancialInclusion #Payments #Somaliland #FinTech #EconomicGrowth

Chairman of the Somaliland Bankers Association, Khaliif Sh Omar: “We are defining a clear path to build the future of Somaliland’s financial institutions while enhancing transparent and effective cooperation.” #Somaliland #Finance #Leadership #Collaboration #Transparency

The Bank and Financial Institutions Collateral Law (Law LR No. 110/2025) strengthens transparency and accountability in the financial system. Articles 19–23 focus on: ✔️ Amendment & continuation of registration ✔️ Public access to the collateral registry ✔️ Liability and penalties ✔️ Effective implementation of the law These measures enhance trust, improve compliance, and support a modern financial framework. #Somaliland #CollateralLaw #BankingSector #FinancialReform #Transparency #RuleOfLaw #SecuredTransactions #Finance #EconomicGrowth

The Bank and Financial Institutions Collateral Law (Law LR No. 110/2025) continues to strengthen the financial system. Articles 14–16 focus on: ✔️ Rights & obligations of parties ✔️ Assignment of security interests ✔️ Termination of collateral These provisions enhance transparency, protect lenders and borrowers, and support a stable financial sector. #Somaliland #CollateralLaw #BankingSector #FinancialReform #SecuredTransactions #EconomicGrowth #LegalFramework #Finance #RuleOfLaw

The Bank and Financial Institutions Collateral Law (Law LR No. 110/2025) strengthens the country’s financial system. Articles 11–13 focus on: ✔️ Registration of collateral ✔️ Priority of security interests ✔️ Enforcement in case of default This enhances trust in the banking sector, protects investors, and supports economic growth. #Somaliland #CollateralLaw #BankingSector #FinancialReform #SecuredTransactions #EconomicGrowth #LegalFramework #Finance #RuleOfLaw

Program on the Collateral Law for Banks and Financial Institutions (Law No. LR 110/2025) focusing on Articles 17 and 18, highlighting key legal provisions related to collateral enforcement, financial stability, and strengthening the regulatory framework of Somaliland’s banking sector. #Somaliland #BankingLaw #FinancialRegulation #CollateralLaw #FinancialSector #EconomicGrowth

Program on the Collateral Law for Banks and Financial Institutions (Law No. LR 110/2025) focusing on Articles 14, 15, and 16, highlighting key legal provisions governing collateral arrangements, creditor rights, and financial sector compliance in Somaliland’s banking system. #Somaliland #BankingLaw #FinancialRegulation #CollateralLaw #FinancialSector #EconomicDevelopment

The Central Bank of the Republic of Somaliland delegation, led by Deputy Governor Hamse Abdirahman Khayre, participated in the Inclusive Fintech Forum (IFF)MojaCom 30 in Kigali, Rwanda. The global forum gathered 3,000+ delegates from over 80 countries, fostering dialogue on financial innovation, payment systems, modernization, and inclusive digital finance. During #IFF2026, the CBSL delegation engaged in strategic discussions with international stakeholders on strengthening collaboration, sharing expertise, and advancing Somaliland’s national payment systems and financial infrastructure to support sustainable economic growth. #Somaliland #CBSL #Fintech #DigitalFinance #FinancialInclusion #NationalPaymentSystems #Kigali #Innovation #AfricaFintech

A delegation from the Central Bank of the Republic of Somaliland, led by the Deputy Governor, Mr. Hamse Abdirahman Khayre participated in the global Inclusive Fintech Forum and MojaCom 30 conference held in Kigali, Rwanda. The forum brings together policymakers, financial leaders, and technology innovators from around the world to discuss the future of digital finance, financial inclusion, and innovation in the financial sector. #Somaliland #CentralBank #Fintech #FinancialInclusion #DigitalFinance #Kigali #Rwanda #InclusiveFintechForum #MojaCom30

The Law on Collateral of Banks and Financial Institutions, Law No. LR 110/2025 Article 9 and Article 10. #CollateralLaw #FinancialRegulation #BankingLaw #Somaliland #FinancialSector #BankingReform #FinancialInstitutions #LegalFramework #EconomicDevelopment

The Deputy Governor of the Bank of Somaliland, Mr. Hamse Abdirahman Khayre, accompanied by the Director General of the Bank, Mr. Yasin Jama Ahmed, and Siciid Yusuf Farah, an official from United Nations Development Programme (UNDP), officially closed a training program for officers from the economic institutions of the Republic of Somaliland. The three-day training, which took place at the Bank of Somaliland, brought together officials from the Bank as well as representatives from the Ministries of Finance, National Planning, Trade and Tourism, Investment Promotion, Energy and Minerals, Livestock Development, Agricultural Development, and Labour and Social Affairs. Participants were trained on the Computable General Equilibrium (CGE) Model, an analytical model used to monitor and analyze the balance of the economy. This model will support the Government of Somaliland in making informed economic policy decisions based on reliable data. UNDP is supporting the Government of Somaliland in developing this model, with trainers who received specialized training in Kenya delivering the sessions. #Somaliland #BankofSomaliland #EconomicPolicy #DataDrivenPolicy #CGEModel #PublicFinance #EconomicDevelopment #UNDP

Program on Strengthening the Capacity of Banks and Financial Institutions Session 4 #Banking #FinancialInstitutions #CapacityBuilding #FinancialSector #BankingTraining #FinancialDevelopment #Somaliland #EconomicGrowth #Finance #ProfessionalDevelopment

Program on Strengthening the Capacity of Banks and Financial Institutions Session 3 #Banking #FinancialInstitutions #CapacityBuilding #FinancialSector #BankingTraining #FinancialDevelopment #Somaliland #EconomicGrowth #Finance

Program on Strengthening the Capacity of Banks and Financial Institutions Session 2 #Banking #FinancialInstitutions #CapacityBuilding #FinancialSector #BankingTraining #FinancialDevelopment #Somaliland #EconomicGrowth #Finance

Program on Strengthening the Capacity of Banks and Financial Institutions Session 1 #Banking #FinancialInstitutions #CapacityBuilding #FinancialSector #BankingTraining #FinancialDevelopment #Somaliland #EconomicGrowth #Finance