Saturday, November 9African Digital Business Magazine

Tag: Salaam Somali Bank

African News, Somalia News

Salaam Somali Bank to distribute $4million to Somalia’s best and brightest young entrepreneurs

Salaam Somali Bank has announced that $4 million has been earmarked for Somali entrepreneurs between 2022 and 2024 to ‘kick-start’ economic growth in the Somalia economy at this year’s Mogadishu Tech Summit The Salaam Entrepreneurs Fund (SEF) aims to cultivate young Somali business people and support existing Micro-, Small and Medium-sized Enterprises (MSMEs) in the wake of Covid-19 Over $1million has already been loaned from the SEF since 2019 to 1,035 entrepreneurs, 43% of whom are female Mogadishu – Today, Salaam Somali Bank announced plans to inject $4million into the Somalia economy between 2022 and 2024 through specialist, zero-interest micro-loans to Somalia’s best and brightest entrepreneurs. The announcement, delivered at the annual Mogadishu Tech Summit – sponsored ...