Shuraako News

In a recent article in Reuters, OEF Senior Researcher, Jay Benson spoke about the potential for increased demand for diaspora bonds, listing potential issuers with large diasporan populations as Ethiopia, Somalia, Kenya, Liberia and the Democratic Republic of Congo.

A new report drawing on Shuraako data, shows that increased access to capital plays the largest role in increasing business revenues.

One Earth Future’s Shuraako program empowers women entrepreneurs in the Somali region by providing affordable access to finance and tailored advisory support.

For local communities already struggling with pollution and climate change, illegal industrial fishing “is an additional stressor that depletes fisheries resources,” says Ifesinachi Okafor-Yarwood, a research consultant for Colorado-based One Earth Future who was not involved in the study.

Kjell Roland, Norfund CEO, said: This is an important investment and proofs the entrepreneurial spirit of Norfund. With Shuraako as a partner, we have a local team on the ground that works already.

A new report shows that increased access to capital plays the largest role in increasing business revenues in fragile countries like Somalia.

“It takes time to build trust and relationships in order to do business in fragile states like Somalia,” said Mahad Awale, country director of One Earth Future which has raised $11 million from investors to fund 130 social start-ups in Somalia.

Private sector development and economic growth are critical to the peacebuilding process in fragile and conflict-impacted states (FCS). In order to realize the potential of the private sector in these contexts, small and medium-sized enterprises (SMEs) need access to capital.

How can remittances sent home by diaspora communities be channeled into impactful investments in fragile and conflict-affected countries? A new OEF Research paper explores the possibilities.

Shuraako is now accepting applications for the 2019 Work in Progress! program. Selected small and medium enterprises (SME) will receive tailored business development services (BDS) ranging from fundamental business principals, concepts and services, to individual enterprise advisory and technical su...

Shuraako is proud to announce that we have been selected to represent One Earth Future at the Paris Peace Forum, from 11 to 13 November 2018! We’ll be joining other governance leaders, civil society representatives and NGOs in creating pathways towards a peaceful and sustainable future.

The fund has been launched by investment firm Norfund, One Earth Future’s Shuraako initiative and Danish development finance institution IFU, and aims to help Somali entrepreneurs build sustainable businesses, contribute to their country’s economy and tax base, and create a significant number of job...

Shuraako, Norfund, and IFU launch the Nordic Horn of Africa Opportunities Fund.

The program is intended for female and youth entrepreneurs who lack sufficient collateral or possess other non-financial credit challenges by increasing their access to finance.

The Swedish International Development Cooperation Agency represented by the Embassy of Sweden, is announcing a comprehensive partnership with major Somali financial institutions to launch a program that will expand the provision of low collateral loans to small and medium size enterprises throughout...