Blog
Somali Development Bank Launches New Program to Support SMEs in Key Sectors
Mogadishu, 7 August 2025 — The Somali Development and Reconstruction Bank (SDRB) is proud to announce the launch of its first-ever Investment Readiness Program (IRP), a bold new initiative designed to support high-potential Somali Small and Medium-Sized Enterprises (SMEs) and distributors operating in four priority sectors: agriculture, fisheries, livestock, and renewable energy.
The IRP aims to build a dynamic pipeline of investable enterprises capable of accelerating Somalia’s economic recovery and resilience. Through the program, selected SMEs will gain access to catalytic financing, technical assistance, and strategic partnerships that will help them scale operations, deepen climate resilience, and drive inclusive job creation particularly for women and youth.
“Somalia is at a turning point where entrepreneurial drive, climate-smart innovation, and strategic investment can reshape our productive sectors,” said Hodan Osman, Governor of SDRB. “By unlocking access to capital, nurturing innovation, this program will help lay the foundation for a resilient, inclusive economy,” she added.
The first step in applying to the Investment Readiness Program is to submit an Expression of Interest. SDRB welcomes applications from qualified small and medium-sized enterprises (SMEs) and distributors across the country—particularly those offering innovative or climate-smart solutions, and those led by or supporting women, youth, or rural communities.
Somalia’s productive sectors face critical challenges—from inadequate irrigation systems and cold-chain infrastructure to high energy costs driven by diesel use. To bridge these gaps, the SDRB supports businesses advancing climate-smart irrigation, agro-processing, agri-tech, fisheries cold storage and processing, livestock health and value-added production, as well as renewable energy solutions like mini-grids, solar-powered pumps, and biogas.
The IRP welcomes SMEs and distributors with strong potential, innovative models, or a proven track record. Selected businesses will benefit from access to SDRB’s investment pipeline starting in late 2025, tailored technical support on business models and ESG practices, export and market expansion services, and national recognition through alignment with Somalia’s National Transformation Plan (SNTP).
“The Investment Readiness Program is a pivotal step in creating a more business-friendly environment by equipping Somali enterprises with the tools, financing, and support they need to thrive,” said Adan Roble, Director General of SDRB.
A Call to Action
The Investment Readiness Program is open to businesses registered or formalizing in Somalia, with at least two years of operations and active engagement in one of the target sectors. Distributors providing access to climate-smart technologies—such as solar irrigation, clean cookstoves, or improved fisheries tools—are also encouraged to apply.
Interested enterprises can submit an Expression of Interest online by visiting https://sdrb.gov.so/.
About SDRB
The Somali Development and Reconstruction Bank (SDRB) is Somalia’s national Development Bank (DFI), mandated to drive economic recovery and sustainable development. SDRB plays a pivotal role in fostering private sector growth by providing catalytic financing solutions that unlock investment, strengthen key industries, and promote financial access and inclusion. Established in 1968, SDRB was originally created to provide medium- and long-term financing for private enterprises. After decades of disruption, the Bank has been revitalized with a renewed focus on financing high-impact projects that align with Somalia’s National Transformation Plan. SDRB supports businesses and infrastructure projects that generate employment, enhance productivity, and contribute to long-term economic stability.
For more information, please contact:
The Somali Development and Reconstruction Bank
Email: info@sdrb.gov.so
Visit: https://sdrb.gov.so/