Nairobi, Kenya – Deputy Governor of the Central Bank of Somalia, Ali Yasin Sheikh Ali, participated in a high-level panel in Nairobi focused on boosting diaspora investment to advance financial inclusion and economic resilience in Somalia.
The forum brought together regional policymakers, financial experts, and private sector leaders to explore ways of easing remittance flows, encouraging diaspora-led development, and integrating digital tools for inclusive growth.
Ali emphasized the critical role the Somali diaspora plays in supporting the economy through remittances and investments, noting that the Central Bank is prioritizing reforms to strengthen financial systems, reduce transfer costs, and expand digital financial services.
“The Somali diaspora is not just a lifeline but a key driver for long-term development. Our goal is to create a secure, inclusive financial ecosystem that enables productive investment and supports national recovery,” said Ali.
The panel also discussed regulatory frameworks, public-private partnerships, and innovations in mobile banking that can improve access to finance for underserved communities.
The event reflects Somalia’s growing push to modernize its financial infrastructure and engage its global diaspora as strategic partners in nation-building.