Al Fatxi Fishing Company (“Al Fatxi”) began operations in 2004 in the port city of Berbera, Somaliland. Prior to receiving a capital investment, the company owned two boats and managed two others. The company needed additional funding to grow its fleet and increase its fish supply. A 2013 Shuraako-facilitated investment enabled the company to purchase two additional boats and motors, fishing equipment, and a fuel tank. This investment in the blue economy created six additional jobs and doubled Al Fatxi Fishing Company’s monthly revenue.
In 2018, Al Fathi secured an additional investment throught the Nordic Horn of Africa Opportunities Fund to procure two fishing boats and additional equipment, such as ice boxes and nets. Al Fatxi currently has three retail locations, and the funds from NHAOF are supporting further expansion of its production capacity, bolstering local economies and creating up to 41 additional jobs.