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Mogadishu (AX) — Somalia’s banking industry, worth a cool $2 billion, is gearing up for some serious expansion. This growth spurt is fueled by new rules and a rising wave of interest in fintech. But there's a hitch with bringing cryptocurrencies into the mix, as the sector grapples with syncing up international financial norms and Islamic banking values. While people are starting to buzz about cryptocurrency in Somalia, the chatter is still pretty nascent. Local banks are dipping their toes into figuring out how to weave…

Djibouti’s US Ambassador Doualeh outlines plans to defuse tensions between Ethiopia and Somalia Ethiopia's move sparked outrage in Mogadishu, which accused Addis Ababa of breaching its sovereignty, leading to a diplomatic fracas. In a chat with VOA's Peter Clottey, Ambassador Mohamed Siad Doualeh expressed optimism, stating that Djibouti's proposal could help mellow down the tensions between Mogadishu and Addis Ababa.