Meet inspiring leaders and experts sharing their knowledge and experience at BGS25.
Prime Minister of Somalia
CEO, Hormuud
Minister of Communication
CEO of SBA
Somali Scholar
Chairman of the SCCI
Director of Somali Payment Switch
Head of Research, the 7 Institute
Legal and regulatory challenges of fintech in somalia
Moderator
CEO of SBA
Deputy CEO OF Yiksi
Chief of Appeal Court
Director, NCA
Deputy Governor, CBS
Stay updated with the full agenda of sessions, panels, and activities throughout the event.
08:30 AM - 09:30 AM
Arrival of guests, registration, and informal networking.
09:30 AM - 09:35 AM
Qaari Abdirizak Mohamed Ahmed
Abdirizak Mohamed
09:35 AM - 09:40 AM
Arrival of guests, registration, and informal networking.
Abdihayi Sheikh Adan
09:40 AM - 09:50 AM
Welcome remarks by the CEO of Hormuud Telecom
Ahmed Mohamed Yusuf
9:30 AM - 9:40 AM
The Documentary explores the growth, & transformative impact of financial technology on Somalia’s economy & financial services.
9:40 AM - 9:50 AM
A speech emphasizing the significance of the fintech sector in Somalia.
Mohamud Abdi (Gabaire)
09:50 AM - 10:00 AM
Opening Remarks by the Minister of Communication and Technology
MP. Mohamed Adam Moalim
10:00 AM - 10:40 AM
The Status of The Fintech Industry In Somalia
Head of Research, the 7 Institute
This report summarises the outcomes of the Bandhigga Guulaystayaasha Soomaaliyeed (BGS) Forum, held in Mogadishu on October 17, 2024. The forum, organised annually by Hormuud Telecom, examined the role of financial technology (fintech) as a catalyst for economic transformation in Somalia.
The Somali Shilling is close to disappearing, and it is expected that Somalia will become completely cashless in the coming years. However, financial technology (Fintech) is stepping in to fill this gap, playing an increasingly significant role in daily transactions.
The financial technology (FinTech) sector in Somalia has emerged as a critical player in transforming the country’s financial landscape. With limited traditional banking infrastructure, particularly in rural areas, FinTech has stepped in to provide accessible financial services.
The rapid growth of Financial Technology (FinTech) globally has transformed financial services, driven innovation, and enhanced financial inclusion. However, this development also brings unique regulatory challenges, particularly in emerging markets like Somalia.
