Boost for farmers in Somalia as agriculture-based bank, Agro Bank signs mobile money deal with SOMNET Telecom

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MOGADISHU (HOL) – Farmers in Somalia will now conduct their business from the comfort of their homes thanks to the introduction of a new mobile money service.

Agro Bank, a Somalia based commercial bank entered into an agreement with SOMNET telecommunications today to ease business practices among farmers in Somalia.

According to the deal, customers of Agro Bank will be subscribed to a service called Buraaqo which links them to SOMNET’s Jeeb mobile money service.

Agro Bank customers will be able to deposit and withdraw money from their accounts through Jeeb mobile.

Agro Africa Bank (BANK BEERAHA) is a commercial private bank founded in February 2019, with the aim of promoting the growth and development of Somalia’s agricultural sector through affordable and innovative financing.

Agro bank is actively involved in charting the growth and development of Somalia’s agriculture industry by offering Shariah compliant products and solutions across various customer segments including trade finance for corporate clients, consumer-oriented services, and micro financing.

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