Bank of Somaliland

The Central Bank of the Republic of Somaliland.
Committed to monetary stability, financial sector development, and economic growth.

[Bank of Somaliland @CentralBankSL]

“To keep pace with a rapidly evolving world, we must develop a generation of skilled professionals capable of driving innovation and supporting national economic growth.”

Remarks by the Governor of the Central Bank of Somaliland, Mr. Abdinasir Ahmed Hirsi, at the Somaliland Accounting and Finance Conference 2026, highlighting the importance of investing in youth, professional excellence, and building a stronger economic future for Somaliland.

@AbdinasirAHersi
@slmofd
#Finance
#EconomicGrowth
#YouthDevelopment
#Leadership

[Bank of Somaliland @CentralBankSL]

Bank of Somaliland Participates in Somaliland–Israel Business Forum

The Governor of the Bank of Somaliland, Mr. @AbdinasirAHersi , participated in a high-level business forum between Somaliland and Israel focused on strengthening economic cooperation, investment, and trade relations.

The discussions highlighted investment opportunities in ports and logistics, energy, fisheries, technology, agriculture, financial services, healthcare, and mining sectors.

The forum aimed to promote sustainable economic partnerships and enhance commercial cooperation between Somaliland and Israel. Somaliland seeks to benefit from Israeli expertise in finance, technology, and investment, while Israel is interested in expanding access to East African markets through Somaliland’s strategic location.

The event also showcased Somaliland’s growing role as a gateway to the Horn of Africa and a hub for regional trade and investment.

#BankOfSomaliland #Somaliland #Israel #Investment #Trade #EconomicDevelopment #EastAfrica #Finance

https://t.co/7l16W8YzkA

[Bank of Somaliland @CentralBankSL]

Remarks by the Governor of the Bank of Somaliland @AbdinasirAHersi at the launch and approval of the Bank’s 3-year strategic plan.

#Somaliland
#CentralBank
#Finance

[Bank of Somaliland @CentralBankSL]

Remarks by the Deputy Governor of the Bank of Somaliland at the launch of the Central Bank’s strategic plan.

[Bank of Somaliland @CentralBankSL]

Director General of the Bank of Somaliland, Yasin Jama Ahmed, highlighted the Bank’s 3-year strategy, focusing on implementation, teamwork, and institutional reform.

#Somaliland
#CentralBank

[Bank of Somaliland @CentralBankSL]

The Bank of Somaliland has successfully concluded a two-day workshop held at Ambassador Hotel Hargeisa, during which a comprehensive three-year strategic plan was discussed and approved.

The workshop brought together senior leadership of the Bank, including Governor @AbdinasirAHersi , who emphasized that the strategy is not merely a written document but a practical roadmap with clear implementation mechanisms and timelines aimed at transforming the institution into a modern and efficient central bank.

Senior officials also underscored the importance of teamwork, coordination, and effective execution in achieving the Bank’s long-term institutional goals.

[Bank of Somaliland @CentralBankSL]

The Executive Management of the Central Bank of Somaliland today held its quarterly meeting, which also marked the final session with the outgoing Board of Directors.

The Governor, Deputy Governor, and Director General expressed their sincere appreciation to the Board members for their dedicated service, expertise, and valuable contributions to strengthening and advancing the bank during their tenure.

They also commended the Board’s key role in guiding the institution’s strategic direction.

#Somaliland #CentralBank

[Bank of Somaliland @CentralBankSL]

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

[Bank of Somaliland @CentralBankSL]

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

[Bank of Somaliland @CentralBankSL]

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

[Bank of Somaliland @CentralBankSL]

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

[Bank of Somaliland @CentralBankSL]

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

[Bank of Somaliland @CentralBankSL]

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

[Bank of Somaliland @CentralBankSL]

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

[Bank of Somaliland @CentralBankSL]

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

[Bank of Somaliland @CentralBankSL]

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

[Bank of Somaliland @CentralBankSL]

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

[Bank of Somaliland @CentralBankSL]

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