By Mohamed Abdi - Reporter
Somalia, 5 July 2026 – Somalia has launched the second phase of XOOLO-Maal, a livestock financing programme aimed at expanding access to Sharia-compliant financial services for livestock producers, traders and small-scale enterprises.
The programme was launched in Mogadishu with support from development partners, including Mercy Corps and Swedish International Development Agency (SIDA) according to officials.
Organisers said the first phase of the programme, launched in January 2026, supported around 300 beneficiaries, while the second phase is expected to reach another 300 participants.
The initiative targets livestock herders, transporters, traders and small and medium scale enterprises (SMEs) involved in the livestock value chain, with a focus on women, youth and underserved communities.
Officials said the programme aims to improve access to financing, strengthen livestock production and expand market opportunities across the sector.
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The launch event brought together representatives from local and international aid organizations and public and private sector representatives.
State Minister for Livestock, Suleiman Ali Hussein, praised the initiative, saying such programmes play a key role in supporting livestock producers and boosting the national economy.
He said increasing investment in livestock producers and traders would help improve productivity and strengthen Somalia’s economic growth.
Officials said the programme will also provide financial training, improve access to markets, strengthen links with financial institutions and promote savings services for beneficiaries.
The livestock sector remains a key pillar of Somalia’s economy, supporting livelihoods and export revenues, particularly in rural communities.