Somali money transfer companies moved more than $3.7 million in cash between suspected weapons traffickers in recent years, including to a Yemeni under U.S. sanctions for alleged militant links, ...

Please enable JavaScript to read this content. Mogadishu: Few central bank chiefs have been jailed by a dictator or hide a loaded pistol in their desk draw, should ...

Somalia intends to resume printing banknotes this year for the first time since the government collapsed in 1991. The governor of Somalia’s central bank, Bashir Issa Ali, told VOA in an exclusive ...

GAROWE, Somalia - The leadership of Puntland announced plans to unveil a new currency in the latest move which further showcases the deep rift between the central government and the Federal States ...

"When things like droughts happen, the diaspora tends to step up, even though many people here are having more economic difficulties than ever before." ...

In an interview with The Africa Report, the central bank’s governor Abdurahman Mohamed Abdullahi describes the IBAN introduction as yet another milestone for the betterment of the Somali financial ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. This strategic collaboration aims to cater to the growing needs of ...

NAIROBI, June 30, 2025—Somalia’s economy continued its overall strong performance in 2024, with growth at 4.0 percent supported by improved performance of agriculture, enhanced private consumption ...