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 (CBS) in partnership with Somali bankers Association, has achieved a groundbreaking milestone with the launch of the Somalia Instant Payment System (SIPS)
For the fifth year in a row, CBS has achieved an unqualified audit opinion on its financial statements.
The Central Bank of Somalia (CBS) has taking home the prestigious Excellence in Banking Award at the Global Somali Awards in Columbus, Ohio.
in line with its core mandate to establish and deliver financial services to all citizens, the Central Bank of Somalia (CBS) opened new branches in three federal members states.
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).
The Central Bank of Somalia (CBS) has won the 2023 Central Banking Award for Payment and Market Infrastructure Development, recognizing its progress in modernizing payment systems and strengthening financial stability.
CBS has launched another progressive milestone in its quest to transform the financial sector of Somalia.
The Central Bank of Somalia has received the Excellence in Banking Award for its vital role in rebuilding and stabilizing the country’s financial infrastructure.