The Central Bank of Somalia (CBS) in partnership with Somali bankers Association, has achieved a groundbreaking milestone with the launch of the Somalia Instant Payment System (SIPS)

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

Mogadishu, Somalia – 13 July 2025. The Central Bank of Somalia (CBS) is pleased to announce the formal commencement of the licensing process for Takaful (Islamic insurance) service providers

The Central Bank of Somalia is delighted to welcome the decision by the Executive Board of the International Monetary Fund (IMF) and the World Bank (WB) on granting debt relief

The Central Bank of Somalia (CBS) is pleased to announce the official inauguration and operationalization of Ziraat Katilim Bank, Somalia branch on 29th October, 2023.

In June 2023, CBS officially launched Somalia’s Unified National Quick Response Code (SOMQR).

CBS has launched another progressive milestone in its quest to transform the financial sector of Somalia.

The Central Bank of Somalia is delighted to welcome the decision by the Executive Board of the International

CBS Board of Directors held its ordinary meeting on the 2nd of July 2022. Amongst the topics discussed was licenses application from two international banks.