May 2025

In a significant development for Somalia’s financial sector, Gargaara Finance Limited, the country’s premier apex financial institution, has today signed a landmark partnership agreement with Idman Community Bank. This strategic alliance aims to enhance access to finance for Micro, Small, and Medium Enterprises (MSMEs) across Somalia, with a particular focus on underserved regions and sectors […]

Introduction: Somalia’s Economic Crossroads Somalia’s economy, battered by three decades of civil conflict, climate shocks, and institutional fragility, stands at a pivotal juncture. The country’s GDP, estimated at $7.5 billion in 2022, remains anchored by two traditional pillars: agriculture (40% of GDP) and livestock (20% of GDP). Yet, these sectors are increasingly vulnerable to climate change, with recurring droughts