Fig Insight said Jimale Abdi, a developer at Hafide, is representing his team and is connecting with other leading financial organisations in the region.

Hafide Accounting, a Somaliland-based startup, has been selected for the famed Timbuktoo Africa Fintech Accelerator in Lagos, Nigeria.

The Accelerator is United Nations Development Programme’s effort to ignite the African innovation ecosystem by supporting and investing in Africa's best talent via 8 themed Timbuktoo hubs in 8 countries, 54 University Innovation Pods across Africa, and funding availability.

Somaliland firm Hafide Accounting was been picked from over 800 candidates to participate in the elite Timbuktoo Fintech Accelerator program in Lagos.

According to Fig Insights, a digital platform focused on business and economic insights in East Africa, this indicates the expanding creativity and ingenuity in the region's startup ecosystem.

Fig Insights said Jimale Abdi, a developer at Hafide, is representing his team and is connecting with other leading financial organisations in the region.

Furthermore, it stated that Hafide Accounting's selection illustrates the high degree of entrepreneurship and technological expertise in countries like Somaliland, which are quickly becoming hotbeds of startup activity and digital change in Africa.