Welcome to Shuraako
Shuraako connects Somali region entrepreneurs to impact capital with aim to foster economic growth, create jobs, and promote stability and peace. Shuraako has been operating throughout the Somali peninsula since 2012 with offices in Hargeisa, Garowe, and Mogadishu. Shuraako, which means “partnership” in Somali, works in conflict-affected areas and underserved small and medium enterprise (SME) markets to develop a more resilient and responsible private sector.
Apply for a Loan
We connect entrepreneurs to capital by conducting thorough on-the-ground due diligence and managing post-investment execution. Learn about our investment criteria and apply for financing through the Nordic Horn of Africa Opportunities Fund.
Featured News, Insights and Analysis
As 2022 begins, Shuraako continues to provide Nordic Horn of Africa Opportunities Fund loans for businesses in the Somali region that are building markets and livelihoods in several important sectors. With a focus on companies that provide youth employment and utilize renewable energy, Shuraako recently approved new loans for three companies. Through these investments, Shuraako aims to foster economic growth, create jobs, and promote stability and peace.
As a program of the One Earth Future Foundation, Shuraako believes that women play a vital role in sustaining a more peaceful world. Shuraako tracks the addition of jobs for women for each of the companies with which we work through midterm progress reports.
Shuraako is continuing to approve loans through its Nordic Horn of Africa Opportunities Fund. Recently, Shuraako approved investments into Hafun Fish and Processing Plant and Taayo Engineering Solutions Company (TESCO). Read more about these businesses below.
Our Current Fund
The Nordic Horn of Africa Opportunities Fund (or “Nordic Fund”) is uniquely designed to advance development effects while generating a positive return on capital. This innovative impact fund is deploying risk capital to finance small and medium-sized enterprises (“SMEs”) located in the Somali peninsula with a focus on job creation and empowerment of female and youth entrepreneurs.
Partner with us
The Nordic Fund currently has a pipeline of over $10 million of potential new investments and is currently in the process of working with its funding partners to seek additional investment in order to grow assets under management from its current base of $26 million to $50 million to $100 million over the next several years. We welcome potential investors. Please reach out to discuss partnering with us.