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Where Somalia's bank credit flows
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Where Somalia's bank credit flows

Published by Xogsawir, a Jaantus project. 27 October 2025.

At the end of 2024, 86 percent of outstanding commercial bank credit in Somalia was tied to three uses: construction and real estate at 36 percent, trade at 32 percent, and personal loans at 18 percent. Productive sectors received the rest. Agriculture took 2.1 percent, manufacturing 1.2 percent, and the combined energy, water, and mining group 2.4 percent. The gap has widened over time. Construction credit grew from roughly $40 million in 2021 to about $170 million by late 2024, while agriculture financing stayed near zero. This imbalance highlights a deeper structural issue: credit is flowing into commerce and construction, but little reaches the sectors that generate jobs, exports and long-term growth. Until more financing supports production, diversification of Somalia's economy will remain out of reach.

Sources

  1. Central Bank of Somalia Annual Statistical Bulletin, June 2025. Accessed 20 October 2025.

Notes

Figures show outstanding commercial bank credit by sector as of December 2024. The monthly time series for construction and agriculture covers 2021 to 2024. Sector definitions follow Central Bank of Somalia reporting categories.

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