On 9 Nov 2025, CBS signed a collaboration agreement with IFC (World Bank Group) to launch the MicroGrow Project. Through targeted training and mentorship, the initiative will strengthen Somali Microfinance Institutions (MFIs) and their staff, enhance governance, risk management and institutional capacity, and enable MFIs to expand services and diversify funding.
A significant step toward a more inclusive and resilient microfinance sector in Somalia.