Somalia’s Minister of Finance, Hon. Biixi Imaan Cige, has been awarded the prestigious title of Africa’s Best Finance Minister for 2025 during an international award ceremony held in London. The accolade recognizes his exceptional leadership, reform-driven vision, and transformative contributions to Somalia’s financial sector during his two-year tenure.
The award comes at a time when Somalia is being increasingly acknowledged for its progress in financial governance, economic reform, and fiscal responsibility—an achievement many once considered out of reach for a country that had long struggled with conflict and debt distress.
Under Minister Biixi’s stewardship, Somalia recorded several major milestones
Historic Debt Relief under the HIPC Initiative (2023)
Somalia achieved full debt relief under the Heavily Indebted Poor Countries (HIPC) Initiative in 2023, ending decades of arrears and paving the way for renewed engagement with international financial institutions. The achievement marked a turning point for the nation, freeing up resources for social investment and development while restoring Somalia’s creditworthiness on the global stage.
Modernization of Domestic Revenue Systems
Minister Biixi led ambitious efforts to reform and modernize Somalia’s domestic revenue collection systems. Through the digitization of tax collection, expansion of the tax base, and implementation of transparency measures, government revenue significantly increased—allowing for more reliable public service delivery and reduced dependency on foreign aid.
Prudent Post-Debt Relief Fiscal Strategy
Following the debt relief milestone, Minister Biixi implemented sound fiscal policies to ensure Somalia did not fall back into unsustainable borrowing. Instead, his administration prioritized attracting grant-based financing from development partners and international donors, reinforcing Somalia’s commitment to responsible borrowing and economic sovereignty.
A Regional Model for Financial Governance
These reforms have positioned Somalia as a regional model for effective financial governance and economic reform. Minister Biixi’s success story is now seen as a case study in resilience, determination, and strategic leadership—especially notable in a region facing mounting economic and debt-related challenges.
“Minister Biixi has not only stabilized Somalia’s public finances but has also laid the foundation for long-term, inclusive growth,” said a representative from the award committee. “His work demonstrates that even the most fragile states can achieve lasting reform with the right leadership.”
The recognition is not only a personal honor for Minister Biixi but also a broader endorsement of Somalia’s journey toward fiscal transparency, institutional reform, and economic resilience. It sends a powerful message across the continent that determined leadership and smart policy choices can deliver transformative results, even in the most complex environments.
“This award is not just mine—it belongs to the people of Somalia. They are the backbone of our economic recovery and progress. I would also like to commend Somali entrepreneurs, whose courage and investment in rebuilding our nation, despite numerous challenges, continue to drive us forward.”
by AfricaOne
He reaffirmed the Somali government’s commitment to enhancing transparency and accountability within its financial institutions, while continuing strong collaboration with international development partners.
This recognition stands as a powerful testament to Somalia’s determination to transform its economy, restore trust in public institutions, and lay the groundwork for a sustainable and inclusive future.
