Hospitality: Shuraako Impact Investing
Green Paradise Hotel (“the Hotel”) is a woman-owned, budget-friendly hotel established in 2011 in the Green Zone area of Mogadishu.
In addition to its accommodations and in-house restaurant, Crown has become very popular for events in Hargeisa such as weddings and ceremonies. Through a Shuraako-brokered investment, the company was able to renovate the hotel space, install an elevator, and purchase equipment, supplies, and decorative items for the day spa and beauty salon expansion.
“Tea Tree” is a popular café that sells a variety of coffees, teas, and baked goods in Garowe, Puntland. Launched by three members of the Somali diaspora, the café has become a gathering place for the local community.
Founded in 2013, Shaybe Laundry “Shaybe” is a fast-growing company that provides full service laundry and dry cleaning services in Hargeisa, Somaliland.
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.
Lake Asal is a popular and highly-rated restaurant serving African and European food. The owners identified the demand for short and long term luxury apartments rentals in Hargeisa.
Hodan Fish and Chicken House (HFCH) has been operating in Bosaso, Puntland since 2012. HFCH is one of Bosaso’s most popular restaurants, serving diners Somali and international fare, 24 hours a day. Due to high demand and volume at the flagship location, HFCH decided to open a second restaurant and sought financing to outfit the new location.