Somali Financial Post

28/01/2026

NAMLC has imposed new targeted sanctions on designated individuals in line with national AML\CFT measures.

Somalia continues to advance financial-sector reforms—strengthening transparency, combating illicit finance, and intensifying the fight against terrorist financing to rebuild confidence and support long-term development.

In line with global standards, countries are required to maintain national targeted sanctions lists while also complying with international sanctions regimes, including those of the United Nations, European Union, and OFAC(USA).

Accordingly, the National Anti-Money Laundering and Counter-Terrorist Financing Committee designated 8 new individuals linked to Al-Shabaab in December 2025, following earlier sanctions in April 2024 (9 individuals) and July 2024 (8 individuals)

These actions reinforce AML/CFT enforcement, strengthen compliance across the financial sector, and signal Somalia’s commitment to international standards, financial integrity, and sustainable economic development.

Soomaaliya waxay sii xoojinaysaa nidaamka maaliyadeed iyadoo la dagaallamaysa lacagaha sharci-darrada ah iyo maalgelinta argagixisada, isla markaana u hoggaansan heerarka caalamiga ah ee AML/CFT. Taas awgeed, Guddiga Qaranka ee La-dagaallanka Lacag-Dhaqidda iyo Maalgelinta Argagixisada ayaa bishii Diseembar 2025 cunaqabateyn ku daray 8 qof oo lala xiriirinayo Al-Shabaab, taasoo daba socota cunaqabateyn h**e oo la saaray 9 qof Abriil 2024 iyo 8 qof Luulyo 2024.

Tallaabooyinkan waxay adkeynayaan hirgelinta AML/CFT, xoojinayaan u hoggaansanaanta hay’adaha maaliyadeed, waxayna muujinayaan ka-go’naanta Soomaaliya ee heerarka caalamiga ah, daacadnimada maaliyadeed, iyo horumar dhaqaale oo waara.

24/01/2026

Somalia’s food-security challenge has reached a macroeconomic tipping point.

Despite having ~8.9 million hectares of suitable agricultural land (representing 70% of Somalia Land), Somalia imported USD 2.5 billion of food in 2024. Only 12–13% (~1.1–1.13 million ha) of this land is cultivated, and just ~65,000 ha is irrigated along the Juba and Shabelle rivers.

This underutilization fuels heavy import dependence:
• Rice: ~480,000 tonnes
• Wheat flour: ~375,000 tonnes
• Sugar: ~200,000 tonnes
• Plus large volumes of edible oils and vegetables

In a world of wars, geopolitical tensions, and volatile shipping costs, these shocks are rapidly transmitted to Somalia—eroding household purchasing power, worsening poverty and malnutrition, and increasing inflation and foreign-exchange pressure.

The opportunity: Import substitution through agriculture is feasible, stabilizing, and highly profitable for the private sector.
• 30,000–40,000 ha of new irrigation → replace ~25% of rice imports
• Yield gains on 70,000–80,000 ha (sorghum & maize) → substitute 20–25% of wheat flour imports
• 7,000–8,000 ha of irrigated sugarcane → replace ~25% of sugar imports

Together, this could save hundreds of millions of dollars annually.

Priority investments—rice, sorghum, maize, sesame, sugarcane, horticulture, and fodder—paired with milling, oil pressing, sugar, vegetable processing, and feed plants offer strong returns from guaranteed domestic demand and can scale into export platforms for regional and Gulf markets.

What’s needed now: Government as a catalyst—clear land and water policies, targeted investment incentives, and time-bound protective tariffs on food imports where viable local substitutes exist. The payoff is accelerated private investment, higher local production, price stability, and long-term economic resilience.

Dhibaatada amniga cuntada ee Soomaaliya waxay noqotay caqabad dhaqaale oo qaran, taas oo si weyn uga dhalatay ka faa’iidaysi la’aanta awoodda beeraha dalka. Inkastoo Soomaaliya leedahay dhul beereed ballaaran oo gaaraya ku dhowaad 8.9 milyan hektar, kaliya 12–13% ayaa si wax ku ool ah loo beeraa, halka waraabinta ay ku kooban tahay dhul aad u yar. Taasi waxay keentay ku-tiirsanaan aad u sarreysa oo ku saabsan soo dejinta cunto, taas oo 2024 ku kacday USD 2.5 bilyan, kana dhigtay dhaqaalaha mid si daran ugu nugul isbeddellada qiimaha caalamka.

Ku-tiirsanaantaas ayaa si toos ah u saameysa nolosha bulshada, iyadoo kor u qaadaysa sicir-bararka, hoos u dhigaysa awoodda wax-iibsiga qoysaska, isla markaana sii xoojinaysa faqriga iyo nafaqo-darrada. Si kastaba ha ahaatee, falanqaynta dhaqaale waxay muujinaysaa in beddelidda cuntooyinka la soo dejiyo iyada oo la horumarinayo wax-soo-saarka beeraha gudaha ay tahay mid suurtagal ah, waarta, isla markaana faa’iido dhaqaale leh. Maalgashiga waraabka, dalagyada istaraatiijiga ah, iyo warshadaha wax-soo-saarka cuntada ayaa yareyn kara ku-tiirsanaanta dibadda, keydin kara lacag qalaad, xasillin kara qiimaha cuntooyinka, isla markaana dhisi kara adkeysi dhaqaale oo fog.

Source: FAO, World Bank, MoA

09/01/2026

Juma Mubarakah
Happy Friday

07/01/2026

News Update | Fintech & Digital Assets

Waafi App has launched Somalia’s first locally developed non-custodial crypto wallet, marking a major milestone in the country’s digital finance ecosystem.

The wallet gives users full control over their private keys and assets, aligning with global trends toward self-custody and decentralized finance. Users can send, receive, and securely store cryptocurrencies such as USDT, BNB, and other supported coins—enabling safe, peer-to-peer transactions.

Designed to work alongside Somalia’s dominant mobile-money rails, the wallet supports everyday use cases through integration with EVC Plus, ZAAD, and Sahal—bridging crypto with digital payments.

While Somalia currently has no formal crypto regulatory framework, this launch highlights how local fintech innovation is advancing in step with global digital-asset trends—supporting financial inclusion and the modernization of digital payments.

Waafi Wallet waxa ay ku soo kordhisay nidaam cusub oo kaydinta lacagaha crypto-ga ah, kaas oo u oggolaanaya isticmaalayaasha inay iibsadaan, iibiyaan, kaydiyaan, isla markaana diraan lacagaha crypto-ga ah sida USDT, BNB, iyo kuwo kale, iyada oo loo marayo App-ka Waafi. Nidaamkani wuxuu fududeynayaa la macaamilka lacagaha caalamiga ah isaga oo ah mid ammaan ah, hufan, kana tarjumaya horumarka fintech-ga maxalliga ah.

Isku xirka Waafi Wallet Crypto iyo nidaamyada mobile money-ga ee dalka wuxuu fududeynayaa isticmaalka maalinlaha ah ee crypto, isagoo isku xiraya lacagaha dhijitaalka ah iyo kaabayaasha maaliyadeed ee si weyn loo isticmaalo. Inkastoo uu weli jirin sharuuc ama xeerar oo lagu maamula crypto-ga ee Dalka, hal-abuurnimadan maxalliga ah waxay muujinaysaa koboca fintech-ga gudaha iyo kaalinta uu ku leeyahay ballaarinta ka-qaybgalka maaliyadeed iyo casriyeynta nidaamka lacag-bixinta ee Soomaaliya.

31/12/2025

Somalia Introduces a New Microfinance Framework with the Issuance of Its First Microfinance FIs Licenses

The Central Bank of Somalia has issued the first licenses for Non-Deposit-Taking Microfinance Institutions (NDMFIs) to 10 financial institutions, marking an important step in strengthening the country’s financial system. The new licensing framework introduces two categories—small-scale and large-scale NDMFIs—each with clearly defined regulatory and operational requirements. This approach enhances regulatory clarity, promotes responsible growth in the microfinance sector, and supports innovation.

This development is expected to expand access to finance for MSMEs, deepen financial inclusion, and contribute to sustainable economic development in Somalia.

Bangiga Dhexe ee Soomaaliya ayaa bixiyay ruqsaddii ugu horreysay ee hay’adaha bixiya daymaha yar-yarka, taasoo siisay 10 hay’adood oo buuxiyay shuruudaha shati-bixinta ee Bankiga Dhexe. Tallaabadani waa mid muhiim ah oo lagu xoojinayo nidaamka maaliyadeed ee dalka. Nidaamka shati-siinta cusub wuxuu kala saaraya hay’adaha bixiya daymaha yar-yar kuwo yaryar (Small-Scale) iyo kuwo waaweyn (Large-Scale), isagoo dejinaya xeerar iyo shuruudo cad. Ruqsad-bixintan waxay kordhin doontaa helitaanka maalgelinta ganacsiyada yaryar iyo kuwa dhexe, isla markaana waxay taageeri doontaa ka-qaybgalka maaliyadeed iyo horumar dhaqaale oo waara ee dalka.

Source: CBS

23/12/2025

East Africa’s Commercial Banks Industry Compared: Key Indicators for 2024 — with a Focus on Somalia

Relative to Kenya and Uganda, Somalia’s commercial banking sector is smaller and less financially deepened due to structural and economic infrastructure constraints, but it maintains strong prudential fundamentals. Kenya’s 46 banks dominate the region with USD 58 billion in assets, USD 31.8 billion in loans, and USD 45 billion in deposits, supported by high intermediation and profitability (USD 2.01 billion), albeit with higher credit risk. Uganda’s 25-bank system is mid-sized, holding USD 14.7 billion in assets and benefiting from the region’s strongest capital buffers (23.9 percent CAR) and moderate risk levels (5.1 percent NPL). By contrast, Somalia’s 14 banks manage USD 2 billion in assets and operate conservatively due to limited infrastructure and underdeveloped financial market enablers, resulting in lower intermediation. Despite this, Somalia records the lowest NPL ratio at 3 percent and maintains a solid capital adequacy ratio of 19 percent, highlighting resilience and sound risk management despite scale limitations.

Marka la barbar dhigo Kenya iyo Uganda, nidaamka bangiyada Soomaaliya waa mid yar oo xaddidan, kana kooban 14 bangi oo leh USD 2 bilyan hanti ah, USD 797 milyan deyn iyo maalgelin ah, iyo USD 1.65 bilyan dhigaal ah. Xaddidaadaha kaabeyaasha iyo suuqyada maaliyadeed ayaa keenay in heerarka asset-to-GDP (18%) iyo credit-to-GDP (14%) ay hooseeyaan. Si kastaba ha ahaatee, Soomaaliya waxay muujisaa adkeysi bangiyeed oo xooggan, iyadoo leh NPL 3% iyo raasamaal 19%. Dhanka kale, Kenya waa nidaamka ugu weyn oo ka kooban 46 bangi oo leh USD 58 bilyan hanti ah, halka Uganda ay leedahay nidaam dhexdhexaad ah oo raasamaal ahaan aad u xooggan oo ka kooban 25 bangi leh nah USD USD 14.7 bilyan. Guud ahaan, inkastoo Soomaaliya ka dambeyso cabbir ahaan, xasilloonideeda iyo khatarta hoose waxay muujinayaan fursad weyn oo korriin degdeg ah haddii la horumariyo kaabeyaasha dhaqaalaha iyo nidaamyada maaliyadeed.

21/12/2025

Somalia Shows Measurable Improvement in Global Terrorism Index 2025

The Global Terrorism Index 2025 indicates a notable improvement in Somalia’s security environment, with the country ranking 7th globally, down from 3rd in the 2023 index. This progress reflects a reduced impact of terrorism and strengthened security efforts. Importantly, the improved ranking sends a positive signal to investors and businesses, contributing to greater confidence, improved risk perceptions, and a more enabling environment for private sector growth, investment, and economic recovery, while acknowledging that continued reforms remain essential.

Warbixinta Global Terrorism Index 2025 waxay muujisay in amniga Soomaaliya uu si wanaagsan u soo hagaagay, iyadoo dalka uu ka soo degay kaalinta 3aad una guuray kaalinta 7aad ee argagixisadu saameyso. Horumarkan wuxuu muujinayaa hoos u dhac ku yimid saameynta argagixisada iyo dadaallo amni oo sii xoogeysanaya. Isbeddelkan wanaagsan wuxuu kordhinayaa kalsoonida maal-gashadayaasha, wuxuu yareynayaa khatarta la dareemayo, wuxuuna abuuraa jawi ku habboon kobaca ganacsiga iyo soo kabashada dhaqaalaha, inkastoo ay weli muhiim tahay in dib-u-habeyn la sii wado.

Source: Global Terrorism Index 2025

Read the full report:https://www.visionofhumanity.org/wp-content/uploads/2025/03/Global-Terrorism-Index-2025.pdf

20/12/2025

Somalia’s Mobile Money Growth: Reshaping Daily Transactions

Somalia’s mobile money ecosystem has grown rapidly, with transactions increasing from 545.9 million in 2021 to 903.6 million by October 2025 and values rising from US$7.1 billion to US$11.1 billion, reflecting the widespread adoption of digital payments across everyday economic activities. Mobile money, with 84 percent market pe*******on, is now a key driver of financial inclusion in Somalia, providing accessible and efficient payment services nationwide in a largely cash-light, dollarized economy. This progress has been enabled by Central Bank of Somalia reforms, including the establishment Mobile Money Regulation 2020 and the licensing of six operators, which strengthened consumer protection, market confidence, and payment system stability.

Mobile money-ga Soomaaliya ayaa si weyn u kobcay intii u dhaxaysay 2021– October 2025, iyadoo tirada macaamillada ay ka kortay 545.9 milyan ilaa 903.6 milyan, halka qiimaha lacagaha la is dhaafsaday uu ka kordhay $7.1 bilyan ilaa $11.1 bilyan. Adeegga mobile money-ga Soomaaliya waxaa adeegsada qiyaastii 84% bulshada, taasoo muujinaysa in uu noqday habka ugu muhiimsan ee lacag-bixinta maalinlaha ah ee dalka. Kobocan waxaa si weyn u taageeray Bangiga Dhexe ee Soomaaliya, kaas oo sanadkii 2020 soo saaray xeerar nidaaminaya adeegyada mobile money-ga isla markaana ruqsad siiyay lix (6) shirkadood, tallaabooyinkaas oo xoojiyay kalsoonida, ilaalinta macaamiisha, iyo xasilloonida guud ee nidaamka lacag-bixinta.

Source: CBS

18/12/2025

16/12/2025

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