These case studies highlight how four businesses in Somalia and Somaliland leveraged investments through the AgriFood Fund to increase production and efficiency.
African Fisheries and Agriculture
Shuraako facilitates investment into African fisheries and agriculture, two important sectors that are key to growing the economy and improving livelihoods.
Founded in 2012, Adelai Farm “Adelai” sells agricultural products in the local markets of the Balcad District in Mogadishu.
Sa’aadadiin Fishing “Sa’aadadiin” is a fishing company in Berbera, Somaliland that sells fish to wholesalers and retailers in Berbera, Borama and Hargeisa.
Established in 2012, Mudug Agrolive Farm “Agrolive” is an 18.75 hectare farm located in Galkayo, Puntland.
“Daalo” was initially established in 2011 as a business that bought, fileted and fried fish for local consumption in Berbera.
Fishing is a vibrant sector along the Somali Coast. With continued support through investment and improved management, the Somali fishing sector has the potential to boost the Somali economy, ensuring long-term growth and stability in the region.
The forum brought together fisheries ministers from each of the Somali Regional Member States and the Federal Deputy Minister of Fisheries.
Soma Chicken Farm (“SCF”) is 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.
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%. With government support and agriculture-friendly legislation, agriculture could benefit from this substantial source of funding and expertise.
Mr. Fruto is a storefront ice cream, sweets and juice bar that sells freshly squeezed natural juices prepared and served in plastic cups that can be taken on safari or consumed in the store.