Reviving the Somali Financial System: Unlocking the Potential of Foreign Direct Investment

[Deeq A.]

The recent establishment of the first international bank in Mogadishu, Somalia, marks a significant milestone in the country's financial landscape. Ziraat Katilim Bank of Turkey has opened its doors in the heart of the nation's capital, breaking a 50-year hiatus in foreign financial institutions' presence. This remarkable development brings to light the reformation of Somalia's financial sector, shedding light on the promising investment and development opportunities that lie ahead.

Source: Hiiraan Online