FTL Somalia

Somalia and Kenya Strengthen Banking Ties to Boost Regional Integration

Nairobi, Kenya – Somalia’s Ambassador to Kenya, Jabril Ibrahim Abdulle, on Tuesday hosted a high-level delegation from Access Bank Kenya (ABK) and the National Bank of Kenya (NBK), led by Mr. Ralph Opara II, the Country Managing Director of ABK.

The meeting underscored a shared vision to strengthen financial cooperation, expand cross-border investments, and foster inclusive economic growth between the two neighboring nations.

Amb. Jabril described the discussions as “a meaningful step toward deepening economic integration through banking,” highlighting the potential of financial collaboration to drive sustainable development across the Horn of Africa. The talks focused on advancing Islamic banking, enhancing access to inclusive financial services, and supporting joint ventures that encourage trade and investment flows between Somalia and Kenya.

The engagement also emphasized the vital role of banks in supporting regional economic recovery and entrepreneurship. Somalia’s rapidly growing private sector, coupled with Kenya’s established financial systems, presents an opportunity for mutual growth, innovation, and stability.

Opara and his delegation commended the Ambassador’s efforts to strengthen bilateral cooperation, pledging continued partnership in developing financial products that meet the diverse needs of Somali businesses and individuals.

Amb. Jabril reiterated Somalia’s commitment to fostering a robust banking environment that aligns with regional priorities of inclusion, resilience, and sustainable prosperity.

“Through collaboration, we can unlock opportunities that empower our people, build trust, and strengthen the economic bridge between Somalia and Kenya,” the Somali Ambassador stated.