World Bank Group

12/10/2024 | Press release | Distributed by Public on 12/10/2024 12:49

Gargaara Financing Facility in Somalia: Helping business grow

Gargaara Company is Somalia's first apex financing facility supported by the World Bank.

Its objectives are to:

- Facilitate access to finance for micro, small, and medium enterprises (MSMEs) in underfunded and productive sectors

- Build the capacities of Somali participating banks and microfinance institutions.