Waaberi Mall, Maka almukarama Street, Mogadishu, Somalia.
Hogaan Microfinance Receives Award for Supporting Business Innovation
12 Jan, 2026
Hogaan Microfinance Receives Award for Supporting Business Innovation
Hogaan Microfinance attended the closing and award ceremony of the Business Innovation Program, an initiative jointly organized by the Ministry of Commerce and Industry of the South West State and the German Development Cooperation Agency (GIZ). The event brought together government representatives, development partners, and private sector stakeholders committed to promoting entrepreneurship and business innovation.
During the ceremony, Hogaan Microfinance was officially presented with an award in recognition of its active contribution to supporting business innovation, strengthening small and medium-sized enterprises (SMEs), and promoting inclusive economic development. The award highlights the institution’s role in facilitating access to finance and encouraging entrepreneurial initiatives that contribute to local economic growth.
The Business Innovation Program aims to empower entrepreneurs and emerging businesses by providing support mechanisms that enhance innovation, productivity, and sustainable business practices. Through its engagement in such initiatives, Hogaan Microfinance continues to play a key role in supporting the development of the private sector and creating opportunities for small businesses to grow and thrive.
Hogaan Microfinance remains committed to advancing business innovation, supporting small business development, and promoting social and economic progress. The institution places a strong focus on productive investments that contribute to job creation and sustainable livelihoods.
Looking ahead, Hogaan Microfinance will continue to collaborate with government institutions, development partners, and the private sector to strengthen the entrepreneurial ecosystem and contribute to sustainable economic development in Somalia.
