Launched in January 2025 and built on ISO 20022, Somalia’s instant payment system (SIPS) enables instant, interoperable payments across participating institutions.
By
Abdirahman M. Abdullahi
Governor
Central Bank of Somalia
When I assumed leadership of the Central Bank of Somalia, one question drove much of my thinking: how can we build an economy that matches the aspirations of our people?
Somalia is moving closer to restoring the Somali shilling after 35 years without issuing new domestic banknotes, as the East…
President Mohamud said the projects demonstrate the increasing capacity of Somalia’s Federal Member States to deliver development…
Somalia is moving closer to restoring the Somali shilling after 35 years without issuing new domestic banknotes, as the East…
Somalia is stepping up efforts to equip university students and graduates with practical digital skills, joining a growing…
December 25, 2025, marked a historic moment in Somalia’s political development when one-person-one-vote elections were conducted…
MOGADISHU: Somalia will deploy more than 10,000 security personnel in the capital, Mogadishu, ahead of next week’s local…
