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Somaliland Companies Among 500 Companies Participating Djibouti trade fair

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Somaliland companies are participating Djibouti Trade Fair among other 500 companies from 10 countries. The trade fair that was launched on Sunday will continue for five days with the participation of some giant companies from Turkey, USA, Canada, UAE and others.

This is the first time Somaliland companies are officially participating Djibouti business fair and more companies are expected to join in the coming few years.

Prime Minister of Djibouti Abdulkadir Walid said that the international fair constitutes a strong integration of economies and provides an opportunity to benefit from international experience in various sectors.

The event coincides with the country’s 40th independence anniversary and 110th anniversary of the Djibouti  Chamber of Commerce.

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World Bank Funded Somali Business Catalytic Fund Cancels Second Round Applications

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The World Bank funded Somali Business Catalytic Fund program implemented by DAI Inc. placed an advert on local Somaliland newspapers on the 29th of October 2017 to announce the second round of grant funds available to the business community thereby inviting would be applicants to submit concept notes for evaluation.

Funding was made available for two sectors:

1. Women’s Only Businesses – Small Grants ($10,000-$50,000)

2. Supporting the Private Sector to Create Greater Resilience in Response to Climate Change – Large Grants ($50,001-$150,000)

Regrettably, the World Bank has now taken the decision to CANCEL this round for technical reasons, and will not be making funds available for the program. This means applications for grants will no longer be accepted, and if you have recently already submitted an application it will NOT be reviewed or evaluated.

The The Somali Business Catalytic Fund Management said they apologize for any inconvenience caused.

 

 

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