Artificial intelligence could improve the process of enterprise lending in fragile and conflict-affected states like Somalia.
Shuraako services work with and support African banking; an innovative and fast growing sector that is poised to develop the continent.
A new fact sheet on leveraging artificial intelligence to enable enterprise lending in fragile and conflict-affected states like Somalia.
The program is intended for female and youth entrepreneurs who lack sufficient collateral or possess other non-financial credit challenges by increasing their access to finance.
Shuraako with its sister programs, OEF Research and PASO Colombia hosted a workshop entitled: The Private Sector’s Role in Creating and Supporting Peace, at Build Peace 2017, in Bogota, Colombia.
DLA Piper are delighted to be hosting Africa Week once again. With representatives from at least 18 of the DLA Piper Africa countries and colleagues from the key investment hubs in Europe, Asia and the US, the week offers a unique opportunity to hear from lawyers with on-the-ground understanding and expertise, to get behind the issues and to help assess the risks and the rewards of doing business across the varied markets in Africa. Sessions will also include guest speakers from client businesses with experience of working and investing on the continent.
Three hundred thirty participants who have an active role in Somaliland’s private sector and energy sector, including investors, business entrepreneurs, donors, and development partners attended the Somaliland Investment Forum. The event was held in Hargeisa, 19 - 21, September 2017.
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. The conference brings together African financial services companies and other key participants in Africa's financial services sector.
Somalia’s and Somaliland’s difficult histories have hampered the development of infrastructure that could support growth and improve lives. The energy sector has been particularly hard hit. In the continuing series of market analyses of potential opportunities, the prospects of wind power generation in Somaliland are reviewed. The need for review is given even more urgency by official Somaliland data indicating that more than 90% of the total energy consumed there has its origins in biomass. These biomass sources are derived primarily from fast-diminishing plant cover.
This paper is a primer that discusses the challenges and opportunities of Somali banking. A foreign investor interested in Somalia would need answers to the following questions:
The government framework for banking in Somalia was largely destroyed during the conflict of the last 20 years. The civil war also forced hundreds of thousands of Somalis to leave and start new lives abroad. As they became settled, many sought to send money home, and a growing group of Somali entrepreneurs worked to facilitate these transactions. With no banks in Somalia to receive outside wire transfers, these business people established their own systems for getting money into the country.