Fishing: Shuraako Impact Investing
Sa’aadadiin Fishing “Sa’aadadiin” is a fishing company in Berbera, Somaliland that sells fish to wholesalers and retailers in Berbera, Borama and Hargeisa.
“Daalo” was initially established in 2011 as a business that bought, fileted and fried fish for local consumption in Berbera.
Wadani is a small scale fishing company that owns its own fish retail store (in Berbera) and sells its catch around the Berbera region.
Xamdi Fishing ("Xamdi") started in 2010 with one boat and a retail store in Berbera. The company sells 40% of its fish to retail customers and 60% to wholesale customers.
A food grocer in Hargeisa that sells frozen chicken, fresh vegetables, and a seasonal selection of fresh and cooked fish to the two biggest markets in Hargeisa, Somaliland.
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.
Somali Marine Products Cooperative (SMPC) has been operating in the fishing sector since 2005.
Founded in 2011 and harvests, processes, and markets fresh fish. Financing enabled Buruuj to increase its harvesting and processing capacity by doubling its fishing fleet and building out its cold chain.
Red Sea Fishing Company is a large fishing operation based in Bosaso, Puntland.
Sundus Business Center is a successful holding company that has been operating in the fishing sector in Puntland since 2008.
Raasi Ahmer Fishing Company (RAFCO) was established in 1997 in Bosaso, Puntland – the commercial and fishing hub of Puntland.
Berbera-based Raas Kateeb Fishing has been in operation for 14 years. The owner has more than 22 years fishing experience; and specializes in Gargor fishing technique.
Berbera-based Al Furqaan Fishing Center has been in operation since 2002, selling their catch in Berbera through direct client sales and to a fish retail shop in Hargeisa.
Al Fatxi Fishing Company began in 2004, in Berbera, and presently owns two small fishing boats and fish stores in Hargeisa, Burao, and Berbera, Somaliland.