Agribusiness: Shuraako Impact Investing
Barisamaad Farmis a commercial farm that supplies local businesses and households with fresh, high-quality produce sold via wholesale and retail.
Alla Magan Gums and Resins Processing Center (“Alla Magan”) is located in Burao, the center of Somaliland's gums and resins industry. The company has been in operation since 2002, and is the sole supplier of processed and graded gums and resins to NEO Botanika.
A commercial farm that spans over eight hectares with 75 percent of its farmland cultivated. Raaho produces fruits and vegetables, in addition to cash crops. Raaho secured a Shuraako-facilitated investment to further cultivate the land and safeguard the farm against droughts
A commercial farm committed to producing sustainable and profitable agricultural crops. Supplies local restaurants, hotels, and households in the region with quality produce sold both wholesale and retail.
A 19.5-hectare farm that grows cash crops to supply wholesale to traders in the region’s largest vegetable and fruit markets. Through a Shuraako-facilitated investment, the farm was able to procure 10 greenhouses and continue expanding its produce line with the addition of crops such as fruit trees and out of season production by use of the greenhouses.
Through a Shuraako-facilitated investment, Bardaale was able to procure a truck, which reduced its high transportation rental costs while allowing it to transport a higher volume of produce to market in a timely manner.
Through a Shuraako-facilitated investment, the farm was able to secure the funds necessary to support its planned production expansion, including the purchase of high-yield, pest-resistant pepper seed varieties.
For planting, the farm relied heavily on rental tractors, which were not only costly but at times unavailable when needed. Prior to receiving its Shuraako-facilitated investment, the farm had 12 hectares (75 percent) of the land under cultivation, producing a variety of fruits and vegetables.
Due to drought conditions present in Somalia, the farm utilized a shallow well and pump to supplement rainfall and was only able to cultivate 43% of its land.
A family-owned farm that spans 50 hectares and produces quality cash crops for sale to domestic traders and distributors. Himilo received a Shuraako-brokered investment to install a borehole and water tank for efficient irrigation.
Al Naim Farm “Al Naim” is a 200 hectare farm located near Afgooye in South Central, Somalia.
Ugbaad Agrocare “Ugbaad” specializes in the production and sale of high quality fodder using imported maize and barley seedlings.
Ubaale Poultry Farm “Ubaale” is a poultry business that specializes in the production and sale of high quality eggs.
A poultry farm located in Garowe, Puntland. SCF sells chicken meat, eggs, and manure and has demonstrated its ability to successfully raise poultry and sell into the local markets.
Jiniyeley is a commercial farm located just south of Bosaso, Puntland that has been providing a wide variety of agricultural products to loyal customers for over 26 years.
The only large-scale poultry farm in Somaliland. It sells fresh wholesale eggs, feed, and chickens to local Somaliland markets. Maandeeq secured a Shuraako-facilitated investment to increase production and expand its operations by an additional 18,000 egg-producing chickens
Las Durre Farm has been operating for the past 20 years, producing fruits and vegetables in the Las Durre valley in Somaliland.
Hodan Farm, a nine-acre mixed farm, has been in operation since 1994. The farm is on fertile ground in Jibgale, located outside of Garowe. The owner is an experienced farmer and livestock herder who produces milk, fruits, vegetables, and tends livestock on his farm.
22 Mixed Farm is situated in Jibgale, a fertile location east of Garowe. The farm provides the surrounding community with an assortment of fruits, vegetables, and dairy milk. Funds were used to dig a deep borehole for consistent water supply and to establish an irrigation system.
In 2019, Al Nur secured a third Shuraako-brokered investment through the Nordic Horn of Africa Opportunities Fund to increase land utilization with the purchase of two hectares of land for fodder use, drilling of 200-meter borehole complete with irrigation system, a date dehydration machine, and tractor.
Three US-based entities gifted 23,000 trees in 2013 to offset their employee’s annual vehicular carbon emissions.