North Western State of Somalia’s Minister of Finance: A Leader for a New Era

In the bustling heart of London, beneath the glimmering lights of the 15th African Leadership Summit, a significant accolade was conferred upon an exceptional leader. On Wednesday, Somalia’s own Minister of Finance, Biihi Iman Egeh, was honored as the African Finance Minister of the Year for 2025 by the prestigious African Leadership Magazine (ALM). This recognition is not merely a title; it is a testament to Egeh’s unyielding commitment to securing debt relief, enhancing revenue collection, and ushering in vital institutional reforms.

The backdrop of this momentous occasion cannot be overlooked. Egeh’s leadership was pivotal in guiding Somalia to the completion point of the Heavily Indebted Poor Countries (HIPC) Initiative in December 2023—a milestone achievement that unlocked a staggering $4.5 billion in debt relief from international lenders. This moment is not just a financial achievement; it symbolizes hope, resilience, and the potential for a prosperous future. How often do we hear stories where a single figure emerges as a beacon of hope amidst adversity?

“Egeh’s stewardship has been central to restoring confidence in Somalia’s economic governance and laying the groundwork for inclusive and sustainable growth,” remarked African Leadership Magazine in a statement praising Egeh’s contributions. The acknowledgment that Egeh’s efforts are considered a cornerstone of Somalia’s journey towards financial self-reliance is both humbling and inspiring. It begs the question: What does it truly mean to lead a nation through its most challenging times, and how does one weigh the impact of their decisions against the backdrop of a country’s history?

During his tenure, Egeh has spearheaded an extensive overhaul of public financial management. By introducing state-of-the-art digital tax systems, he has significantly improved institutional accountability and transparency. This transformation has allowed domestic revenue to cover a substantial portion of the federal budget, thus lessening the government’s reliance on external donors. Imagine the ripple effect of such reforms—investors waking up to the promise of a revitalized economy and families experiencing the benefits of increased public services and infrastructure.

Equally important, Egeh has adeptly navigated the murky waters of international finance to help Somalia evade new external debt. By securing grant-based funding and strengthening relationships with international financial institutions, he has established a more sustainable financial base for the country. What does it look like to forge partnerships that yield long-lasting benefits? In essence, Egeh is not just steering Somalia away from potential financial pitfalls; he is building a more robust framework for the future.

As he accepted the prestigious award, Egeh took a moment to reflect on the resilience and dedication of the Somali people. His humility shone through as he emphasized that this journey was not his alone—it was a collective endeavor. In his acceptance speech, he reaffirmed the government’s dedication to transparency, regional cooperation, and economic inclusivity. “Strong institutions and fiscal discipline are essential to building a resilient future,” he stated, embodying the kind of visionary leadership that resonates not just within the confines of a conference hall but also in the hearts of everyday citizens.

In a world often defined by division and uncertainty, Egeh’s story is one that underscores the power of determination. He stands as a reminder that behind every statistic lies the potential for transformative change. Does not every challenge present an opportunity? Every obstacle can serve as a stepping stone towards a brighter future, provided that the leadership is both wise and courageous.

As Somalia continues on this promising trajectory, the implications of Egeh’s work ripple far beyond the borders of the nation. They echo within the broader African continent, inspiring other leaders to rethink their approaches to governance and economic management. The question now is: How will other nations respond to Somalia’s journey? Will they follow suit, embracing transparency and inclusive governance as their guiding principles?

Indeed, the recognition bestowed upon Egeh is more than just a personal achievement—it’s a clarion call to action for leaders across Africa to rise to the occasion. As we reflect on the significance of this award, let us not forget the words of the late Nelson Mandela: “It always seems impossible until it is done.” In the realm of finance and governance, we are reminded that change, while often daunting, is not just possible—it is essential for progress.

In conclusion, the future looks bright for Somalia under Egeh’s guidance. His leadership exemplifies the potential of resilient governance, rooted in transparency and accountability. As Somalia steps into a new chapter, we are left pondering: What role will we each play in supporting others on their journey toward renewal and hope?

Edited By Ali Musa
Axadle Times International – Monitoring