The Faculty of Economics and Islamic Banking at the University of Hargeisa hosted a distinguished guest lecture titled “The Role of Commercial Banks in Economic Development in Somaliland.” The lecture was delivered by Mr. Khalif Sheikh Omar, Chairman of the Somaliland Banking Association, who shared valuable insights into the critical role commercial banks play in promoting economic growth, mobilizing savings, facilitating investment, expanding financial inclusion, and supporting sustainable development across Somaliland. The session attracted faculty leadership, academic staff, and students, creating an interactive platform for learning and professional exchange.

Drawing on his extensive experience in the banking sector, Mr. Khalif highlighted the importance of a strong and resilient financial system in fostering entrepreneurship, creating employment opportunities, and driving private-sector development. He encouraged students to understand the evolving role of financial institutions in modern economies and emphasized the need for skilled professionals to support the growth of Somaliland’s banking industry. The event reflects the University of Hargeisa’s ongoing commitment to academic excellence, industry engagement, and equipping students with practical knowledge that bridges theory and real-world application.