In a landmark move, the Central Bank of Somaliland signed a pioneering financing agreement today with the National Committee for Waaheen Market to fund the completion of the grains, vegetable, and meat sections (A1) of the Waaheen Market, managed by the Hargeisa Local Government. This marks the first-ever financing deal executed by the Central Bank, signaling a significant step in supporting local infrastructure development.
In a parallel agreement, the Central Bank partnered with Daryeel Construction Company, which will undertake the construction work for the market’s key sections. The signing ceremony took place at the Central Bank’s headquarters in Hargeisa, attended by officials and stakeholders optimistic about the project’s swift completion.
The Waaheen Market, a vital economic hub for Somaliland’s capital, is nearing completion, with this investment expected to accelerate the final stages. “This is a historic milestone for the Central Bank and a boost for Hargeisa’s economy,” said Somaliland Central Bank Governor Abdinaasir. The project is anticipated to enhance local trade and improve facilities for vendors and consumers alike.
The signing ceremony for the financing of Waaheen Market’s completion was attended by key figures, including Central Bank Governor Abdinaasir, Deputy Governor Hamse, Director General Yasin, Hargeisa Mayor Abdikarim Mooge, Minister of Religion Sheikh Abdillahi (Chairman of the National Committee for Waaheen), and the Governor of Maroodijeeh Region. The Central Bank’s pivotal role in advancing economic development and infrastructure projects was widely commended.
Governor Abdinaasir and Mayor Abdikarim expressed optimism, stating that the collaboration between the Central Bank and the Hargeisa Local Government could significantly enhance future infrastructure projects.