23/05/2026
Somali Norwegian Chamber of Commerce (SNCC) warmly welcomes the launch of the KOBCIYE – Livestock Financing & Investment Program, an important initiative aimed at strengthening Somalia’s livestock value chain and expanding access to financial services and investment opportunities across the sector.
The livestock sector remains the backbone of Somalia’s economy. Supporting livestock producers, traders, SMEs, transporters, and related businesses through innovative financing solutions will contribute significantly to economic growth, job creation, private sector development, and community resilience.
SNCC highly appreciates the collaboration between IBS Bank, Mercy Corps, and Sida in introducing new financial models and Sharia-compliant financing solutions tailored to the realities and needs of Somalia’s livestock economy.
We believe Somalia needs stronger partnerships that connect:
• Finance and investment
• Private sector growth
• Financial innovation
• Livestock markets and trade
• SME development and entrepreneurship
SNCC is grateful for the invitation to participate in this important event and commends IBS Bank and its partners for their commitment to advancing inclusive economic development and sustainable growth in Somalia.
We look forward to seeing more innovative financing models, strategic partnerships, and investment initiatives that empower Somali businesses and unlock the full economic potential of the livestock sector.