August 4, 2022

A memorandum of understanding was signed between the BINA Business Incubator and the SOMBANK in Somalia.

BINA Business Incubator and SomBank Somalia, signed a Memorandum of Understanding (MoU) to collaborate on supporting startups, MSMES, and facilitating access to funding and microfinance in the capital city of Somalia, Mogadishu, on September 4, 2022.
SomBank is fully-fledged Shariah compliant bank approved by the Central Bank of Somalia (CBS) offering banking services on a complete Shariah system, Also support the STARTUPS and SMES to access finance.