The international Bank of Somalia has become the first lender in the Horn of Africa nation to handle foreign transactions. As Grace Pascoe reports bank officials say it’s a sign the country is stabilizing after decades of conflict.
Getting your cash out of an ATM. It’s an everyday experience for many of us. Here in Somalia, it’s still a novelty. This one in the capital, Mogadishu, is the country’s first – and only just recently installed. It’s a sign Somalia is open for business. And now, a new bank is handling foreign transactions for the first time in over two decades.
Source: Reuters
