Revista de Economía y Negocios

The Role of Financial Institutions on Employment in Mogadishu- Somalia

Abstract

Abdirahman Jimale Adan*, Abdiaziz Ahmed Ibrahim, Mohamed Hussein Abdi, Maryan Abdullahi Abdi and Bile Abdi Siyad

Financial institutions become much more effective, play a vital character in the Somali economy, which led to become a big part of the employment sector. So, in this study, we will Aim to investigate the role of financial institutions on employment in Mogadishu Somalia And the research design was descriptive research design and a questionnaire was used to collect research data from a sample size of 123 respondents from the target population and that date we collected from the respondents shows that in terms of occupation, 46 (37.4%) of our respondents was Financial Institution Clients, while 37 (30.1%) were Financial Institution staff, and, 40 (32.5%) were Financial Institution managers and reason we targeted those was to get valid data from someone who is involved or somehow linked to financial institution And for Data analysis we used the statistical package for social scientists (SPSS) version 23, and most of the respondents agreed that financial institutions have a significant and encouraging role on employment in Mogadishu.