By Abdullahi Salad - Reporter
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MOGADISHU, 20 October 2026 Bulsho Development Bank on Tuesday launched its Financing Service, designed specifically to support Somali traders, innovators, farmers and livestock owners.
The bank said the service offers financing opportunities to traders, farmers and livestock owners so they can grow their businesses and improve their production. According to the press release, the service complies with the principles of Islamic Sharia.
Traders who want to expand their businesses, increase their capital and develop their operations can obtain financing through the service.
Farmers and livestock owners will also receive financing support aimed at boosting agricultural and livestock production and promoting economic development.
“We believe that the aspirations of the Somali community can be realised through accessible and reliable financing opportunities,” the bank said in the press release. The bank said the launch of the service reflects its commitment to supporting traders and boosting the country’s production.
The bank added that the service is part of its ongoing efforts to grow the economy, create business opportunities and contribute to the sustainable development of Somali society.
The Financing Service also includes housing and property financing, as well as support for small businesses and youth innovation.