Mogadishu, Somalia — The 3rd Somali Banking and Finance Conference brought together top banking executives, financial experts, and senior government officials in Mogadishu on Sunday to explore bold strategies for accelerating Somalia’s economic transformation.
The high-level forum focused on strengthening the country’s financial architecture through innovation, regulatory reforms, and expanded access to capital. Participants examined new financing models tailored to Somalia’s evolving market, including digital banking, Islamic finance instruments, public-private partnerships, and investment incentives for emerging sectors.
Speakers highlighted the importance of fostering a resilient financial ecosystem capable of supporting infrastructure development, job creation, and inclusive growth. Officials from the Central Bank and the Ministry of Finance provided updates on regulatory frameworks aimed at enhancing transparency, financial stability, and investor confidence.
Several panel sessions addressed the need to modernize payment systems, improve financial literacy, and attract diaspora investment. Attendees also discussed the role of technology in expanding services to underserved populations, particularly in rural areas where traditional banking is limited.
Organizers emphasized that the conference serves as a platform to align the private sector with national economic goals, while encouraging collaboration between domestic institutions and international partners. Stakeholders agreed that nurturing a robust financial sector is critical to Somalia’s long-term recovery, stability, and sustainable development.
The event concluded with a call to translate policy discussions into actionable programs that can unlock new economic opportunities and reinforce Somalia’s standing in the regional financial landscape.