The MOU was signed in Hargeisa by the Minister of Investment and Industrial Development, HE. Abdirasak Ibrahim Mohamed, and Abdirahman Hashi, the Somaliland Director of Shuraako.
Key Highlights:
- Targeting SMEs: The Nordic Fund focuses on supporting Somali small and medium-sized enterprises (SMEs).
- Sharia-compliant Financing: It will offer risk capital through Sharia-compliant loans and other self-liquidating structures.
- Job Creation and Female Empowerment: There is a strong emphasis on job creation and empowering female entrepreneurs.
- Promoting Prosperity and Stability: By supporting a responsible private sector and fostering a sustainable business environment, the Nordic Fund aims to promote prosperity and stability in the region.
