Welcome to Shuraako

Stable markets contribute to stable communities. One Earth Future’s Shuraako program mobilizes capital investments to small and medium-sized enterprises in the Somali region to stimulate job creation and the expansion of a formalized and more responsible private sector. Shuraako, which means “partnership” in Somali, 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. 

Pioneering

One Earth Future is the first and only provider of sharia-compliant growth capital to small and medium-sized enterprises in the Horn of Africa. We fill the gap in services for our partners, who are too large for microfinance institutions and too small for foreign capital markets. Our investments complement the offerings of local financial institutions who provide short-term working capital and trade finance to SMEs, but on terms that restrict entrepreneurs’ options for expansion. We also maintain a pool of technical assistance funds to help our clients escape the trap of informality and achieve sustainable growth.

Unique

By offering tailored technical assistance solutions, Shuraako aims to not only address immediate concerns but also to build long-term resilience and competitiveness within its clients. Some of the aspects of our technical assistance includes formalization of business, documentation and record keeping, energy cost reduction by using solar energy, maximizing staff capacity, policy and guideline development and sustainability, and consideration of environmental, social, and governance principles.

Insightful

We work in a wide range of sectors throughout the Somali region, each of which has its own characteristics, risks, and returns. Because of our long-time presence there, Shuraako knows sectoral and regional contexts and advises investors and clients on avenues that will maximize gain and minimize risk. We currently work with entrepreneurs in agribusiness, water and sanitation, hospitality, construction, renewable energy, health care, services, transportation, fishing, and manufacturing and light industry.

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.  
OEF partners with TrustWorks Global to track and analyze how OEF’s investments impact and are impacted by conflict. ​By monitoring and measuring how sectors, value chains, customers, and company resilience inter-relate with conflict dynamics, OEF can better manage risk, communicate impact to investors, and fulfill our compliance obligations in challenging operating environments.  

 

 

Our Achievements

197
Total investments.
$30 million
Total volume invested
3,300
Total jobs created
860
Total women employed
2,326
Total youths employed
$8.8 million
Green energy investments

 

Featured Entrepreneurs

 

KEEPS is focused on the collection, handling and disposal of municipal solid waste in Hargeisa....
ILO Tango is a powdered-drink manufacturing company established in 2002. After the collapse of...
Tayo Household Plastic Factory. Ltd was established in 2017 in Hargeisa Somaliland to manufacture...

 

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