The Somalia Investor – Issue#7

$5.00

How ready is Somalia to host foreign banks? In May this year, KCB Group Ltd., the largest bank in Kenya, and Nairobi-based Commercial Bank of Africa Ltd held talks with Governor Bashir Issa Ali. “They are expressing an interest to gain a foothold in Somalia,” Ali is quoted to have said in an interview.

It’s is also understood that there are a number of Middle East-based banks seeking licenses to operate in the country. In total, 12 commercial banks have supposedly applied for a banking licence in Somalia.

Sharing is caring!

Category:

Reviews

There are no reviews yet.

Be the first to review “The Somalia Investor – Issue#7”

Your email address will not be published. Required fields are marked *