FAQ

Frequently Asked Questions

What is the Somali Development and Reconstruction Bank (SDRB)?

SDRB is a national development bank dedicated to driving Somalia’s economic transformation and sustainable growth. It provides long-term financing for critical infrastructure projects, supports private sector development, and promotes financial inclusion through innovative financial products. SDRB is a key institution for mobilizing investments and bridging financial gaps in Somalia’s economic recovery.

Who owns SDRB?

SDRB is a government-owned financial institution, reconstituted under Presidential Decree No. 236. It operates as Somalia’s primary development bank, focusing on financing national development priorities and supporting strategic sectors such as infrastructure, agriculture, and renewable energy.

What types of projects does SDRB finance?

SDRB finances projects that align with Somalia’s national development priorities.

These include:

  • Agriculture and Food Security – Supporting farmers, agribusinesses, and value chains.
  • Infrastructure Development – Roads, ports, energy, and telecommunications.
  • Renewable Energy – Investing in solar, wind, and hydropower solutions.
  • SME Development – Providing financial access to small and medium-sized enterprises.
  • Financial Inclusion – Launching Sharia-compliant and climate-linked financial products.

What are some of the Bank’s products and services?

SDRB offers a range of financial products, including:

  • Development Loans – Long-term financing for infrastructure and key sectors.
  • SME Financing – Loans and advisory support for small and medium enterprises.
  • Sharia-Compliant Financial Products – Islamic finance solutions, including Murabaha and Musharaka.
  • Climate Finance – Funding for sustainable and climate-resilient projects.
  • Technical Assistance and Advisory Services – Capacity-building and investment facilitation.

Who is eligible for SDRB’s products and services?

SDRB serves:

  • Government entities engaged in national development projects.
  • Private sector businesses, particularly in infrastructure, agriculture, and energy.
  • Small and medium-sized enterprises (SMEs) seeking financial support.
  • Financial institutions looking to expand access to capital.

Does SDRB compete with commercial banks?

No, SDRB complements commercial banks by addressing financing gaps that they do not cover. SDRB collaborates with financial institutions to offer co-financing, credit guarantees, and advisory services to stimulate private sector investment.

Can individuals open a current or savings account with SDRB?

No, SDRB is not a commercial bank and does not provide individual banking services like savings or current accounts. It focuses on development finance and investment-related services.

What are the requirements to access SDRB loans?

Loan applicants must meet specific eligibility criteria, including:

  • A clear business plan with measurable development impact.
  • Compliance with Sharia-compliant financing principles (for Islamic finance options).
  • A strong financial record or partnerships with financial institutions.
  • Alignment with Somalia’s national Transformation Plan.

How can I contact SDRB for more information?

For inquiries, you can reach SDRB through:

Whistle Blower Policy: The Somali Development and Reconstruction Bank operates a strict zero-tolerance policy on corruption, fraud, and
bribery. If you witness any misconduct or non-compliance, report it anonymously via email at: whistleblow@sdrb.gov.so