THT-Premier Bank Entrepreneurship Competition for Somaliland Universities, has been concluded in Hargeisa.
The Entrepreneurship Competition for Somaliland university students, which was launched five years ago by the premier bank, was participated by eleven universities this year, competing in 20 creative projects.
A well-organized event, attended by the winner students, various invited guests and officials from Premier Bank, has been participated by 11 Somaliland universities this year, and where 20 new business projects and ideas presented by graduating students were announced Golis, Beder & Adal Medical universities have won the Entrepreneurship Competition.
Sahal Monitoring Fuel Consumption, the first place winner, received $9,000, while the second place winner, Tayo Eye Care and Optical, won $7,000, while the third place winner received $5,000.
The students who succeeded in getting their business ventures funded by Premier Bank, including two girls, who expressed their feelings, all thanked for the opportunity.
Premier Bank Somaliland Chairman, Mr. Nuradin A. Elmi, speaking at the event, stated Premier Bank has always stood by the talented and creative young people, and is willing to make it easier for them to get funding for their innovations.
Mr. Nuradin said the innovation competition, which has been its fifth year in a row in Somaliland, has praised and exciting for the community at large, and received positive feedback.
Chairman of the Somaliland Banking Association, Md. Khalif Nur, who praised the bank’s investment, suggested the need to educate our children in schools financial literacy, entrepreneurship and saving culture.
"This program funded by @premierbankSO deserves to be a national level program and we will join next years" Eng Ali Abdilahi Dahir, Governor of the Central Bank of #Somaliland. pic.twitter.com/YtJSLs6qcK
— Somaliland Financial Times (@SomalilandFTime) April 30, 2022
Speaking on the occasion, Somaliland Central Bank Governor Eng Ali Abdillahi Dahir said that Premier Bank’s investment deserves to be a national program, and he promised to play a role next year.
Minister of Investment and Industry Hon. Abdillahi Are, in a speech, congratulated Premier Bank for organizing and funding the creative competition. He promised to work with the bank’s management to expand it.
Vice President H.E. Abdirahman Abdilahi Sayli’i, who officially concluded the Somaliland Students Entrepreneurship Competition sponsored by Premier Bank, congratulates Premier Bank for organizing this program and for the three successful innovators.
H.E. Saylici suggested expanding the creative program, and maintaining it.
At the end of April, Premier Bank held a similar competition in Somalia, where 12 students from 10 universities participated, and top three winners were awarded ($9,000, $7,000 & $5,000) dollar respectively.
Premier Bank has not only received much praise from innovator students and participating leaders led by the Vice President, but also from the Somaliland community at home and abroad and the Somali people and the world at large.