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Hawes
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Ali Wardheere
Somalia’s financial sector is rapidly formalizing under reforms led by the Central Bank of Somalia. Banking assets grew 13% in 2024 to $2.02B, while remittances rose 10% to
Ali Wardheere. Ali Wardheere · Original audio. Somalia’s financial sector is rapidly formalizing under reforms led by the Central Bank of Somalia. Banking assets grew 13% in 2024 to $2.02B, while remittances rose 10% to $6.23B, strengthening households and small businesses.
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