These case studies highlight how four businesses in Somalia and Somaliland leveraged investments through the AgriFood Fund to increase production and efficiency.
See how Shuraako impact investing has helped Somali entrepreneurs build thriving businesses.
“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.
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.
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.
The company is a solar energy installer and manufacturer of solar street lights, metal battery boxes, solar frames, irrigation pump frames, and piping systems.
Soma Fishing was established in Berbera in 2011. The owner has been steadily expanding Soma Fishing’s fleet to meet the growing demand for fish in Somalia.
Hodan Farm, a nine-acre mixed farm, has been in operation since 1994. The farm is on fertile ground in Jibgale, located outside of Garowe. The owner is an experienced farmer and livestock herder who produces milk, fruits, vegetables, and tends livestock on his farm.