The top echelon of Somaliland’s Central Bank hailed the first cohort of graduates from the Institute for Banking and Finance Sciences as a landmark achievement for the nation’s economic future.
A total of 62 students—both female and male—received their diplomas in a ceremony held at the bank’s headquarters in Hargeisa. The graduates represent the first group trained under the institute, which was launched to build local capacity in banking, financial management, and economic expertise.
The event was attended by high-level dignitaries, including Central Bank Governor Abdinasir Ahmed Hersi, Deputy Governor Hamse Khaire, Director General Yasin Calase, commercial bank executives, senior government officials, academics, religious leaders, and prominent economic experts.
In his address, Governor Abdinasir Ahmed Hersi emphasized the strategic importance of the institute for the nation’s future.“This institute occupies a vital position in our country,” he said. “It will produce new generations capable of driving transformation in Somaliland. We expect the knowledge you have gained to be clearly visible in our financial markets.”
Deputy Governor Hamse Khaire congratulated the graduates and highlighted the institute’s international connections.
“Today is not merely the completion of your studies—it marks the realization of a national vision,” he stated. “The graduates of this institute will go on to work both locally and globally, and the institute maintains direct partnerships with leading financial institutions worldwide.”
Established by the Central Bank, the Institute for Banking and Finance Sciences addresses a long-standing need for specialized training in the sector. Officials announced that the institute will continue to admit and graduate new cohorts each year, ensuring a steady supply of skilled professionals.
The graduation ceremony also underscored the broader reforms undertaken by the Central Bank under the current leadership appointed by President of the Republic of Somaliland.
The event was widely regarded as a symbol of Somaliland’s commitment to economic self-reliance and professional development in the financial sector.
