Somalia: Mobile money overtakes cash - New Country Views

  • Mobile banking is creating a nascent financial system. The number of monthly mobile money transactions made in Somalia now exceeds that of Kenya, a regional pioneer in the sector.
  • Despite efforts to bring service providers within the oversight of the Central Bank of Somalia, risks include little regulation and limited revenue collected.
  • Overall economic growth is being driven by higher private consumption, and strong activity in the telecommunications and financial services sectors.

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New Country Views

Oman:

Relying on strategic location as debt mounts

  • What are the reasons behind the IMF's growth projection revisions for Oman and why is the Arabia Monitor view more optimistic? 
  • What alternatives does the government have to ease fiscal pressure in the short and long term?
  • How is the sultanate balancing its regional and international alliances, especially with Iran and the US, through its strategic port of Duqm?

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