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Somali Triumph Tales: Gathering Cheers for Fintech’s Rise
MOGADISHU, Somalia — Celebrating Somalia’s bustling fintech sector, the third annual Somali Triumph Tales Conference wrapped up on October 17 at the vibrant Sahal Hall in Mogadishu. Hosted by Hormuud Telecom, the event brought together government heads, key business leaders, policymakers, scholars, and sector specialists to delve into the nation’s dynamic fintech sphere.
The spotlight at the conference was on fintech’s crucial role in Somalia’s economic makeover. Talks and discussions navigated through the vast opportunities and hurdles in the fintech world, painting a picture of what financial technology could bring for Somalia’s future.
Ahmed Mohamud Yusuf, the CEO of Hormuud Telecom, set the ball rolling with a speech that tuned the gathering into the day’s explorations. Yusuf proclaimed, “We’re here to cheer and scrutinize our strides in financial tech, which are the bedrock of our economic ascent,” stressing fintech’s strategic heft in Somalia’s growth tale.
Reflecting the same vibe, Mahmoud Abdikarin, at the helm of the Somali Chamber of Commerce & Industry, trumpeted, “The lifeblood of our fintech firms is innovation and economic flourishing.” His remarks struck a chord, amplifying the sector’s critical place in the nation’s economic tapestry.
Somalia’s Minister of Communications and Technology, Mohamed Adam Moalim Ali, gave further insights highlighting the digital shift. “From clinking cash to quick mobile payments, tech has reshaped our business dealings,” he noted, hinting at the journey towards a cash-free society.
The event ended on a high with Prime Minister Hamza Abdi Barre dishing out appreciation awards to fintech trailblazers lauded for their impact. “Hormuud has played a pivotal role not only in telecom but also in fueling our economic drive,” Barre said, marking his encore at this increasingly significant annual meetup.
Last year’s affair, BGS2023, flaunted the rich yet-to-be-tapped resources of Somalia, from fresh seafood to flourishing livestock, spotlighting the nation’s potential. This year’s focus on fintech highlights Somalia’s grit and the private sector’s vital role in revitalizing and innovating the economy.
The telecom behemoth – Hormuud – leads this digital charge, pushing forward with ventures that meet Somalia’s appetite for advanced financial marvels. The conference didn’t just toast past victories but also peered into a future where Somalia’s economy could soar on fintech’s wings.
AXADLETM
