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MOGADISHU, 14 November 2026 Idman Community Bank has launched financing for hospitals, clinics and health workers in Somalia, saying the aim is to strengthen local health services and reduce the large sums of money that leave the country every year for treatment abroad.
The bank's Head of Business, Abdinasir Abdullahi Warsame, said Somalia loses a large amount of money every year to patients travelling to foreign countries for medical care.
"It is estimated that more than 200 million a year in costs leaves the country and goes to foreign countries in search of medical treatment," he said.
He said the cost does not fall on patients alone, but is also a burden on the relatives who travel with them, who pay for travel, accommodation and living costs while abroad.
Abdinasir said Somalia's health sector has made visible progress in recent years, in the services provided, health facilities and the services available in general.
"It is estimated that over the past 15 years, the country's health sector has made very strong progress," he said.
However, he noted that challenges remain, particularly financing. He said most of the country's hospitals are privately owned and need financing to grow.
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"In the country now, the hospitals providing services are mostly private hospitals or private clinics," he said.
The bank said it has prepared financing for hospitals and clinics that want to expand their buildings, or buy laboratory, imaging and surgical equipment, to improve the services they provide.
"As Idman Community, seeing that these challenges exist, we are trying to turn them into opportunities," Abdinasir said.
The bank has also prepared personal financing for doctors, nurses and other health workers.
"The bank has prepared suitable services that help everyone working in this profession to develop both their skills and their lives," he said.
Abdinasir called on hospitals, clinics and the health community as a whole to take advantage of this opportunity. He said further details about the services are available at all Idman Community Bank branches.