Promoting peace and stability through access to capital

 

Welcome to Shuraako

Shuraako connects Somali region entrepreneurs to impact capital with aim to foster economic growth, create jobs, and promote stability and peace. Shuraako has been operating throughout the Somali peninsula since 2012 with offices in Hargeisa, Garowe, and Mogadishu. Shuraako, which means “partnership” in Somali, works in conflict-affected areas and underserved small and medium enterprise (SME) markets to develop a more resilient and responsible private sector. 

 

 

While investment opportunities exist in fragile states, they often go ignored due to perceived risks. We identify enterprises that add value to the local economy by conducting on-the-ground due diligence and establishing strong relationships—the key to any successful investment. We match these selected entities with capital and manage post-investment responsibilities.
We curate initiatives in support of the private sector, including forums and conferences, and access to finance events. We convene investors to develop a robust and thriving private sector in the Somali region through impact investing.
We support and fund entrepreneurs in the market to provide key services and products to enable livelihoods and peace. We accelerate businesses by providing targeted training and technical assistance. 
 

 

 

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Our Achievements

4000
Jobs created via Shuraako investments.
13
Sectors invested in, including solar, manufacturing, and hospitality.
197
Businesses invested in.
31M
Total investments to strengthen livelihoods and peace in the region.

Apply for a Loan

We connect entrepreneurs to capital by conducting thorough on-the-ground due diligence and managing post-investment execution. Learn about our investment criteria and apply for financing through the Nordic Horn of Africa Opportunities Fund. 

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Powering Progress Somalia

Our Current Fund

The Nordic Horn of Africa Opportunities Fund (or “Nordic Fund”) is uniquely designed to advance development effects while generating a positive return on capital. This innovative impact fund is deploying risk capital to finance small and medium-sized enterprises (“SMEs”) located in the Somali peninsula with a focus on job creation and empowerment of female and youth entrepreneurs. 

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Somali Girls working at a computer

 

Featured Entrepreneurs

 

Baidoa Electric Company
Baidoa Electric Company (BEC) is the largest electricity provider in Baidoa, Somalia. The company…
Tabaarak Company
Established in 1997, Tabaarak Company (“Tabaarak”) is the leading manufacturer of pillows,…
Hill Development and Construction Company
Hill Development and Construction Company was established in 2018 with the objective of providing…

 

 

Learn More About Our Entreprenuers

Partner with us

The Nordic Fund currently has a pipeline of over $10 million of potential new investments and is currently in the process of working with its funding partners to seek additional investment in order to grow assets under management from its current base of $26 million to $50 million to $100 million over the next several years. We welcome potential investors. Please reach out to discuss partnering with us.

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SIDA Reps with a Somali woman business owner

Highlights

Shuraako and The Danish International Development Agency Team Up

The initiative provides support for small and medium-sized enterprises to help them thrive in the Somali region. Hoden, the project manager in Mogadishu, says this technical assistance and capacity building program is part of a bigger strategy to help solve problems in many sectors of the emerging economy.

May 29,2024

Events

Somaliland Investment & Industrial Exhibition

One Earth Future is a proud co-sponsor of this year's Somaliland Investment & Industrial Exhibition in Hargeisa! Our Somaliland Director of Shuraako gives us a quick look inside where Shuraako clients and other Somaliland entrepreneurs have the chance to attract new investors, form strategic partnerships, and showcase their locally produced products, emphasizing the region’s innovation and creativity.

August 14,2024
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