Shuraako, Norfund, & IFU launch the Nordic Horn of Africa Opportunities Fund
See how Shuraako impact investing has helped Somali entrepreneurs build thriving businesses.
Founded in 2012 with the goal of providing affordable printing services and stationary products to Mogadishu’s university student population.
Founded in 2012, Adelai Farm “Adelai” sells agricultural products in the local markets of the Balcad District in Mogadishu.
Dalmar Transportation Cooperative “Dalmar” was established in Bosaso, Puntland in 2012 to provide truck drivers and transportation company owners with limited coverage to specific risk events.
“Daalo” was initially established in 2011 as a business that bought, fileted and fried fish for local consumption in Berbera.
The company has been in operation since 2002, and is the sole supplier of processed and graded gums and resins to NEO Botanika, a large gums and resins export trading company in Somaliland.
These case studies highlight how four businesses in Somalia and Somaliland leveraged investments through the AgriFood Fund to increase production and efficiency.
SOCAP is the world’s leading conference on activating the power of capital markets to drive positive social and environmental impact – convening the marketplace at the intersection of money and meaning. The conference brings together impact investors, social entrepreneurs, philanthropists, business leaders and other innovators from across the world in a unique cross-sector approach to catalyze collaboration for change. SOCAP attracts over 3000 people annually to accelerate the flow of capital for good.
The Somali Diaspora represents a large pool of potential investment capital that could be leveraged for long-term and scaled development in the Somali region. This report assesses the preferences and behaviors of Somali Diaspora toward existing channels and opportunities for Somali-based investments and provides policy recommendations for how to better facilitate crucial investment.
Selling bread throughout the MaroodiJeex and Sahil regions of Somaliland. The company began operations in Hargeisa in 2014 and has grown to produce 4,500 pieces of bread and pastry daily.