Somalia has 15 licensed commercial banks, fewer than half as many as Kenya.
Licensed Commercial Banks: Somalia, Kenya and Ethiopia (2026)
Author: sra
How Much Do Somali Banks Add to Murabaha Financing?
Somali banks lend mainly through murabaha. An SRA check in October 2026 found an annual profit margin of 6% to 12%. Rates vary by bank, amount financed…
Remittances vs Food Imports: Somalia Spends More on Food Than It Receives
Somalia receives $2.0 billion a year in remittances from Somalis abroad but spends $2.2 billion importing food.
Approved Government Budget for 2026: Somalia vs Kenya and Ethiopia
Somalia’s approved budget for 2026 is $1.38 billion. Kenya’s is almost 27 times larger.
2026 GDP Growth: Somalia vs Ethiopia and Kenya
The IMF projects Somalia’s economy to grow 2.6% in 2026, the slowest of the three countries compared.
Somalia Government Spending on Water and Electricity Rose 19.3% in 2025
The federal government spent $1.11 million more on water, electricity and related services in 2025 than in 2024.
2026 Annual Budgets Across Somali Administrations
Somaliland has the largest 2026 budget of any Somali administration, followed by Puntland and Banadir.
Government Revenue from Mogadishu Port Fees Rose 27.2% in 2025
The government collected $9.59 million more from Mogadishu port fees in 2025. The figures combine harbour fees (Albayrak) and customs harbour fees.
Salary Spending: Ministry of Finance vs Three Productive Ministries (2025)
In 2025 the Ministry of Finance paid more in salaries than the ministries of livestock, fisheries and agriculture combined. Figures are wages and salaries…
Government Revenue from Passport Fees (2024–2025)
Passport fees brought in $381,468 more in 2025 than in 2024.