By Asha Elmi - Reporter
ALI SABIEH, Djibouti, 11 October 2026 Two banks in Djibouti financed 40 business premises for entrepreneurs in the southern city of Ali Sabieh on Saturday, in an initiative aimed at supporting small businesses and stimulating local economic activity.
The premises were financed by Salaam Bank and BCIMR Bank, with each institution supporting 20 units, according to statements made at a distribution ceremony attended by regional officials and business representatives.
The initiative forms part of efforts by local authorities to expand commercial opportunities and help residents establish or develop businesses.
Fathia Idleh Doubad, head of the regional business association, said some beneficiaries had previously operated businesses from home or online before receiving the premises.
She said the allocation followed a selection process in which 92 applications were considered for the 40 available units.
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Ali Sabieh Regional Council Chairman Sharmarke Hassan Allaleh said the initiative was intended to give residents opportunities to pursue business activities through a transparent allocation process.
He said the project was part of wider efforts to promote economic development in the region and that authorities hoped to continue similar initiatives.
Regional Prefect Abdoulmalik Mohamed Banoita also praised the process, saying local officials and community representatives had been present during the allocation.
The initiative highlights efforts by local authorities and financial institutions to support entrepreneurship and expand access to commercial premises outside Djibouti’s capital.
The broadcast did not specify the project’s total investment value, the terms under which beneficiaries received the premises, or whether the units were provided through ownership, rental or another arrangement.