Over the last decade, remittance flows from diaspora communities to their countries of origin have been steadily increasing. In Somaliland, the Somali AgriFood Fund drove diaspora investment in agricultural production and boosted the monthly income of Barwaaqo Marketing and Catering Services Company by 500-600%.
Shuraako News & Events
JUNE 16, 2017—BROOMFIELD, Colo.—Today the world observes International Day of Family Remittances (IDFR), a day to focus attention on the significant financial contributions refugees, immigrants, migrant workers, and diaspora populations make to family members who remain in fragile states around the world.
In May, Shuraako participated in a panel titled "Investment Opportunities in East Africa’s Financial Services Sector" at the African Financial Services Investment conference in London.
BROOMFIELD, Colo.—Shuraako, a program of the One Earth Future Foundation (OEF), a U.S.-based NGO focused on creating a more peaceful world, signed a five-year partnership agreement with Growth, Enterprise, Employment and Livelihoods (GEEL) project, to introduce at least 40 efficient technologies and create 5,000 new jobs which provide at
Shuraako, with Dahabshil Bank International and the Arsenault Family Foundation, have teamed up to create the Powering Progress Fund to give micro, small, and medium enterprises that are using renewable energy technology uncluttered access to financing.
Shuraako's work and recent Somali Diaspora Investment Survey were recently featured on Voice of America (VOA) Somali. Director Lee Sorensen and Country Director for Somaliland, Abdikarim Gole, talked about the challenges Somali businesses face, and the importance of a reliable electricity supply.