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      • Monetary, Financial & Regulatory Policy Group
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    • National Payment System
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Day: July 17, 2025

CBS Opens Licensing Process for Non-Deposit Taking Microfinance Institutions

The Central Bank of Somalia (CBS) has officially launched the licensing process for Non-Deposit Taking Microfinance Institutions (NDMFIs), marking..

The Central Bank of Somalia traces its roots to 1950 with the creation of the Cassa per la Circolazione Monetaria della Somalia and later the Somali National Bank in 1960. In 1975 it was renamed the Central Bank of Somalia, serving as the country’s monetary authority

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