Shueib Mohamud Mohamed, the Head of Marketing and Business Development at IBS Bank, speaking at the Entrepreneurs and Professionals Summit held on 27 August 2024, announced that IBS Bank is fully committed to supporting young innovators. As one of the key sponsors of the summit, Shueib emphasized that IBS Bank is eager to provide financial backing to Somali youth with innovative business ideas, aiming to drive the country’s economic growth through entrepreneurship.

During his speech, Shueib Mohamud Mohamed outlined the critical role that financial institutions like IBS Bank play in fostering innovation and entrepreneurship among Somali youth. He stressed that access to capital is often a major barrier for young entrepreneurs, and IBS Bank is determined to bridge that gap by offering targeted financial products and services tailored to the needs of startups and small businesses. “We believe that empowering the youth with the necessary financial resources will unlock the potential for transformative businesses that can reshape Somalia’s economic landscape,” he stated.

He further highlighted that the Entrepreneurs and Professionals Summit serves as a crucial platform for identifying and nurturing new talent. Shueib praised the collaborative efforts between private sector companies, educational institutions, and government entities in making the event a success. He also encouraged young entrepreneurs to take advantage of the opportunities provided by IBS Bank, assuring them that the bank is dedicated to offering mentorship and financial support to turn their innovative ideas into thriving businesses.