By Goth Mohamed Goth
Representatives from the Central Bank of Somaliland attended the 2025 Africa Regional Committee Annual General Meeting (AGM) & Conference in Mombasa, Kenya, held from June 16–19, 2025.
The event, organized by the International Association of Deposit Insurers (IADI) and the Kenya Deposit Insurance Corporation (KDIC), aimed to strengthen systems for managing potential financial challenges faced by banks and to bolster consumer confidence.This year’s theme is “Enhanced Bank Resolution Frameworks and the Vital Role of Deposit Insurance Systems in Bank Failure.”
Discussions revolved around implementing strategies and financial plans to mitigate risks related to bank deposits while enhancing public trust.
The delegation, led by Deputy Governor Mr. Hamse Abdiraxmaan Khayre, held productive meetings with Ms. Yvonne Fan, Deputy Director of Taiwan’s CDIC and a member of the IADI High Council. 
Together, they explored opportunities for collaboration in establishing the Deposit Insurance Division of the Central Bank of Somaliland, which resulted in a significant mutual understanding. This meeting marks a promising start for the financial institutions of both Taiwan and the Republic of Somaliland.
Furthermore, the delegation engaged in successful individual meetings with representatives of deposit insurance agencies from Nigeria, South Africa, Kenya, Ghana, Namibia, and Turkey, culminating in comprehensive agreements.
The Central Bank of Somaliland’s delegation consisted of Mr. Mohamed Abdilaahi Alli (Director of the Financial Institutions Supervision Department),
Mr. Abshir Abdi Mohamed (Director of Currency Policy at the Bank of Somaliland), Senior Bank Advisor Mr. Mahmuod, an expert in bank deposit insurance.
The Central Bank of Somaliland is committed to reforming the nation’s financial system in alignment with the strategies laid out by Chairman Mr. Abdinasir Ahmed Hersi.
