First foreign bank branch opens in Somalia in over half-century

A leading Turkish bank, Ziraat Katilim, has opened a branch in Mogadishu, becoming the first foreign bank to operate in Somalia in over a half-century, officials said. A ribbon-cutting ceremony was held Sunday in Mogadishu, where officials hailed the inauguration as a “historic moment.” “This marks more than 50 years [since] the first international bank […]

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