by The Fikiria Desk | Mar 25, 2020 | Property
You cannot mortgage what you cannot value, and for three decades Somalia’s ports, roads and land sat outside the reach of the international finance that turns fixed assets into productive infrastructure. Physical potential was abundant; bankable projects were...
by The Fikiria Desk | Mar 25, 2020 | Lifestyle
Macro-finance can feel abstract until it reaches a street. A debt-relief milestone is measured in billions and benchmarks, but its meaning to most people is whether daily life becomes a little more predictable, a little more connected, a little more affordable....
by The Fikiria Desk | Mar 25, 2020 | Profiles
The temptation with a milestone like this is to look for a hero. Reaching the decision point after three decades of exclusion invites a story of one decisive leader. The more useful reading is the opposite. Somalia’s re-entry into the world’s financial...
by The Fikiria Desk | Mar 25, 2020 | Money
For nearly three decades, Somalia has run an economy without a working credit line to the rest of the world. Arrears to the International Monetary Fund, the World Bank and the African Development Bank froze the country out of the concessional finance that its...
by The Fikiria Desk | Mar 25, 2020 | Consumers
Somali consumers already live in one of the world’s most sophisticated payments markets. Mobile money moves value across the country faster than cash in many richer economies, and diaspora remittances reach households in minutes. What has been missing is the...