Fishing: Shuraako Impact Investing
Sun Fishing is a growing fishing company located in Berbera, with an additional branch in Hargeisa.
Hafun Fish and Processing Plant (“HFPP”) is a significant influencer of the fishery industry, owning the only cold-chain facility in Hafun, Somalia, where it processes and distributes marine produc
Yustan Seafood Processing is a fish processor and wholesaler. They are the largest Somali fishery exporter to Ethiopia, with cold chain storage facilities in two cities and a network of vendors in four regions.
Suudi Fishing Gear and Accessories Company (“Suudi”) has been a pioneer in Somalia’s fishing industry and is the largest supplier of fishing equipment in northern Somalia.
The largest seafood processing and cold storage company located in Bosaso, Puntland. Through a Shuraako-facilitated investment, HAFCO was able to hire additional workers and purchase a fish mincing machine, fish skin remover, fish burger machine and more.
The largest manufacturer of artisanal and commercial-sized fishing boat shells in Somalia. Through a Shuraako-facilitated investment, they were able to have on hand the necessary raw materials to manufacture a stock of approximately 24 to 26 fishing boat body shells
Through a Shuraako-brokered investment, Abu Najiib was able to obtain the funds necessary to construct a new processing location in Burao. The investment also allowed the company to procure three additional fishing boats and processing equipment
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 2011, Zakia Fishing Company conducts large-scale fishing operations through a hub and spoke model in the Maydh-Berbera corridor, in Somaliland.
Wadani is a small scale fishing company that owns its own fish retail store (in Berbera) and sells its catch around the Berbera region.
Ras Asayr Fishing Company (“Ras Asayr”) was established in Bosaso, Puntland in 1997. The company’s main line of business is harvesting and processing sea cucumbers and fish.
Hodan Fishing Cooperative (“HFC”) was established in 2011 and is one of the largest wholesale fishing companies in the Nugaal region of Puntland. The company harvests and processes fish in Eyl and distributes and sells its fish in Garowe.
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.
It is a prominent fishing corporation in Mogadishu supplying fresh and frozen fish and seafood products to domestic and international markets, including China and Turkey. SMPC secured an investment to procure equipment to improve its cold chain and freezing capabilities
Today, CAFCO has a diversified revenue stream that includes services such as selling fresh fish, selling fuel for fishing boats, repairing and servicing outboard engines, and refilling oxygen tanks for lobster divers.
Red Sea Fishing Company is a large fishing operation based in Bosaso, Puntland.
The owner sought an investment to replace the motor and repair his boat so that he could continue fishing and resume providing for his family.
Raasi Ahmer Fishing Company (RAFCO) was established in 1997 in Bosaso, Puntland – the commercial and fishing hub of Puntland.
Dur Dur Fishing, Berbera-based, was founded in 1993. Dur Dur, who possess a small fishing fleet, sells their catch in Berbera through their own retail store and in Hargeisa, Somaliland.
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.
Alla Aamin is owned by an entrepreneur and managed by a group of professional fishermen. The company has been in operation since 2003 running four small boats and a fish shop in Berbera, Somaliland.
Al Ihsan Fishing Group, located in Berbera, is a partnership fishing company that has been in operation since 2010. Al Ihsan sells fresh fish to local markets, in Hargeisa and in other near-by towns in Somaliland.