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Somali Business Catalytic Fund (SBCF) Program has been launched in Hargeisa.

July 24, 2016
News & Events
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Participants attending the SBCF program Launched in Somaliland
To help address these barriers and boost economic growth, the World Bank has launched the Somali Business Catalytic Fund (SBCF)
Over the past 20 years, violent conflicts in various areas of the Somalia Peninsula have hindered lasting economic growth and stability in the entire region, with more than 70 percent of the population living below the poverty line today. Despite these difficult conditions, the Somali private sector has shown remarkable resiliency, with a variety of small businesses managing to prosper and create an environment for potential investment. However, key constraints such as weak infrastructure, limited access to finance, a lack of market information, and low levels of human capital impede the private-sector expansion crucial to reducing the country’s widespread poverty.


To help address these barriers and boost economic growth, the World Bank has launched the Somali Business Catalytic Fund (SBCF), designed to invest in the establishment and expansion of profitable small and medium enterprises (SMEs). The SBCF will work across all areas of the Somali Peninsula to provide matching grants for businesses with proven track records working in key sectors as well as those demonstrating job creation capacity.

In managing the SBCF, DAI will take a market-driven approach to building up a strong ecosystem for Somali SMEs. SBCF funds will support companies to innovate and enhance their productivity, competitiveness against imported products, and overall profits, improving efficiency in the economy as a whole and increasing employment. In addition, SBCF will provide grants targeted at developmental priority groups such as women-owned enterprises and youth employers.
  • SBCF launched in Hargeisa - July 24, 2017
    SBCF launched in Hargeisa - July 24, 2017
  • SBCF launched in Hargeisa - July 24, 2017
    SBCF launched in Hargeisa - July 24, 2017
  • SBCF launched in Hargeisa - July 24, 2017
    SBCF launched in Hargeisa - July 24, 2017
  • SBCF launched in Hargeisa - July 24, 2017
    SBCF launched in Hargeisa - July 24, 2017
  • SBCF launched in Hargeisa - July 24, 2017
    SBCF launched in Hargeisa - July 24, 2017
  • SBCF launched in Hargeisa - July 24, 2017
    SBCF launched in Hargeisa - July 24, 2017
  • Former Minister of Trade
    Former Minister of Trade
  • Mr. Tim Bergstrom, Team Leader of SBCF giving presentation to the participants during the launch.
    Mr. Tim Bergstrom, Team Leader of SBCF giving presentation to the participants during the launch.

News & Events

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  • April 02, 2018
Ms. Naimo Mohamoud, Consultant. Ms. Shikri Warsame of RCRF & Ms. Suad Salah from Ministry of Planning and International Corporation, Puntland.
Somali Business Catalytic Fund (SBCF) Program has been launched in Garowe.
  • August 02, 2016
Participants attending the SBCF program Launched in Somaliland
Somali Business Catalytic Fund (SBCF) Program has been launched in Hargeisa.
  • July 24, 2016
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