By Goth Mohamed Goth
Hargeisa, Somaliland – Leadership from Somaliland Bank and global logistics leader DP World convened a high-level strategic meeting today at the bank’s headquarters to advance Somaliland’s economic development.
The Somaliland Bank delegation was led by Chairman Mr. Abdinasir Ahmed Hirsi, alongside Deputy Chairman Mr. Hamse Abdirahman Khayre and Director General Mr. Yasin Jama Ahmed. DP World was represented by Mr. Supachai Wattanaveerachai, CEO for the Horn of Africa, Middle East, and Africa Region, Mr. Ali Diriye, General Manager of the Somaliland Ports Authority, and other senior executives.
Building on previous engagements, discussions centered on strengthening critical infrastructure, particularly within Somaliland’s financial and insurance markets. This partnership aims to enhance the national economy and solidify Somaliland’s position as a regional trade hub.
The collaboration leverages DP World’s existing $400 million investment in Berbera Port, which has significantly boosted trade connectivity with landlocked Ethiopia and broader African markets. Joint efforts with Somaliland Bank will focus on integrating financial systems, expanding access to banking services, and fostering economic resilience.
“This partnership marks a milestone for Somaliland’s economic future,” stated Mr. Abdinasir Ahmed Hirsi. “Working with DP World, we are committed to bolstering our financial markets and unlocking new opportunities for growth.”
Mr. Supachai Wattanaveerachai reaffirmed DP World’s commitment: “Our goal is to transform Berbera into a world-class trade hub. Collaborations with key institutions like Somaliland Bank are essential for driving sustainable progress across the Horn of Africa region.”
The meeting underscores Somaliland’s growing prominence in regional trade and its ongoing efforts to integrate into global financial systems.
