Shuraako News

November 9, 2021

Shuraako Investments Creating Permanent Jobs for Women

As a program of the One Earth Future Foundation, Shuraako believes that women play a vital role in sustaining a more peaceful world. Shuraako tracks the addition of jobs for women for each of the companies with which we work through midterm progress reports. Below are three businesses that added read more

Hafun Fish and Processing Plant
July 13, 2021

Recently Approved Loans

Hafun Fish and Processing Plant

Shuraako is continuing to approve loans through its Nordic Horn of Africa Opportunities Fund. Recently, Shuraako approved investments into Hafun Fish and Processing Plant and Taayo Engineering Solutions Company (TESCO). Read more about these businesses read more

Solar Panel Installation in the Somali Region
June 16, 2021

Shuraako, Solar, & SHABA: The Impact of Investing in Somali Companies

Shur·aa·ko· (noun) - Somali for “partnership.”

A partnership, an agreement, a shared collaboration between two or more entities to accomplish a common purpose... that’s exactly what our Shuraako program seeks to foster. Shuraako works in conflict-affected areas and their local read more

Najmo Shampoo Factory in Somalia
June 15, 2021

Highlights from the 2020 Annual Report for the Nordic Horn of Africa Opportunities Fund

One Earth Future's Shuraako program (Shuraako meaning “partnership” in Somali) connects investors with read more

somali farmer investments
February 12, 2021

Shuraako partners with the EU to boost the Somali private sector through access to finance

On February 2, 2021, the European Union launched 3 new projects in support of Somalia’s private sector. One of the projects will contribute 5.5M€ to the Nordic Horn of Africa Opportunities Fund (the ‘Nordic Fund’) which is an impact fund targeting Somali small and medium-sized enterprises. This read more

July 2, 2020

AADCO Paper Factory: Entrepreneurial Innovation in the Somali Business Sector

Somali businesses are working hard - and making great strides - toward securing a place on the international market where they can be competitive and bring new, innovative ideas to the private sector.

AADCO Paper Factory currently serves as the only paper manufacturing company in read more

somali businesses adapt to covid 19
June 9, 2020

Somali Entrepreneurs Prove Their Resiliency Yet Again, Even During Pandemic

The COVID-19 pandemic has impacted many facets of Somali society from health and safety to security and the economy. The effects are felt acutely in the private sector where small businesses are experiencing revenue losses and potential layoffs. Shuraako has seen first hand that the read more

artifical intelligence lending africa
May 5, 2020

How Artificial Intelligence Could Improve Business Lending in Fragile States

Photo:  Riaz Jahanpour for USAID Tanzania / Digital Development Communications

Shuraako believes that connecting entrepreneurs with impact capital fosters economic growth, creates jobs, and promotes stability and peace. However, read more

Getting a Loan in Somalia
April 2, 2020

Access to Capital Crucial to Increasing Business Revenue in Somalia

Access to capital remains a major obstacle for the private business sector in conflict-affected areas like Somalia. A new report from One Earth Future, drawing on Shuraako data, shows that by far, increased access to capital plays the largest role in increasing read more

Invest in Africa - Somalia Entrepreneurs
March 20, 2020

Creating Market Opportunities for Women Entrepreneurs

As a program of the One Earth Future Foundation, Shuraako believes that women play a vital role in sustaining a more peaceful world. Despite the persistent barriers to women’s leadership in the economic development sector, we know that equal access is key to ensuring a prosperous future if read more