The MPF is one of the funding windows established under the Somalia Development and Reconstruction Facility , the framework guiding implementation of the country’s ninth National Development Plan. The ...

NAIROBI, KENYA: The World Bank has identified remittances as one of the biggest contributors fueling the economic growth of Somalia. At a forum on Thursday to update the Somali government ...

Since its inception in 2019, Somalia's Gargaara MSME Financing Facility, supported by the World Bank and the Somalia Multi-Partner Fund (MPF), has issued more than 1,600 loans to entrepreneurs in ...

Around 70 percent of the population lives on less than $1.90 a day, according to World Bank figures. - Economic growth ...

Drive project by World BankTo help combat the effects of the drought, Salaam Somali Bank is working with World Bank supported project and implemented by ZEP-RE (PTA Reinsurance Company ...

The World Bank has urged private sector investors to play a pivotal role in achieving its ambitious “Mission 300” initiative, ...

Somalia’s Ministry of Energy and Water Resources has opened a tender for a 10-megawatt solar power plant integrated with a 20 ...

Kenya continues to lead in diaspora inflows across the eastern Africa region, receiving $4.8 billion in 2024. The figures ...