Shuraako News

The latest news and events from Shuraako

Feature Articles

Somali Women Cultivating Sustainable Peace

One Earth Future and Shuraako are proud to present the short film “Somali Women Cultivating Sustainable Peace”. The film showcases several female farm owners in the Garowe/Puntland region of Somalia supported through Shuraako’s Nordic Horn of Africa Opportunities Fund.

March 11,2022

New Shuraako Impact Investments Support Youth, Foster Renewable Energy

As 2022 begins, Shuraako continues to provide Nordic Horn of Africa Opportunities Fund loans for businesses in the Somali region that are building markets and livelihoods in several important sectors. With a focus on companies that provide youth employment and utilize renewable energy, Shuraako recently approved new loans for three companies. Through these investments, Shuraako aims to foster economic growth, create jobs, and promote stability and peace.

January 10,2022

Shuraako Investments Creating Permanent Jobs for Women

As a program of the One Earth Future Foundation, Shuraako believes that women play a vital role in sustaining a more peaceful world. Shuraako tracks the addition of jobs for women for each of the companies with which we work through midterm progress reports.

November 09,2021

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Saddam M. Ahmed

April 24, 2024

One Earth Future's Shuraako Program Joins The Invest Somalia Conference and Expo 2024 in Mogadishu

Mogadishu, April 24, 2024 - The Invest Somalia Conference and Expo has a clear message: the time to invest in Somalia are now. Somalia has demonstrated its readiness to embrace investment, setting the stage for fruitful partnerships and initiatives. Organizers and attendees are focused on paving the...

Saddam M. Ahmed

April 07, 2024

OEF's Shuraako Program Hosts Iftar Meeting

Uniting Voices for Economic Progress

Mogadishu : OEF's Shuraako Program recently hosted an inspiring Iftar gathering on March 28th, 2024, at Mogadishu's Paradise Hotel. The event brought together clients, stakeholders, and representatives from various agencies, underscoring a pivotal moment for the program's trajectory and future pros...

Saddam M. Ahmed

March 01, 2024

Sweet Success

Yahye Bakery and Sweets in Hargeisa embarks on a transformative journey.

Yahye Bakery and Sweets in Hargeisa embarks on a transformative journey propelled by strategic investment from One Earth Future’s Shuraako program. Abdi Khadar Mohamed Osman, the General Manager, tells us about some of the significant milestones achieved through this partnership.

Saddam M. Ahmed

January 29, 2024

One Earth Future Somali Region Staff Retreat in Nairobi for Strategic Planning

The One Earth Future Somali team recently wrapped up a dynamic two-day retreat in Nairobi, focusing on strategic planning and discussions to enhance their impact in Somalia and Somaliland. Check out this video for an inside look.

Shuraako

March 11, 2022

Somali Women Cultivating Sustainable Peace

January 10, 2022

New Shuraako Impact Investments Support Youth, Foster Renewable Energy

November 09, 2021

Shuraako Investments Creating Permanent Jobs for Women

October 18, 2021

Impact Investors in Shuraako’s Groundbreaking Nordic Fund Visiting Somaliland

Visionary impact investors in the historic partnership that One Earth Future’s Shuraako program has pioneered through its Nordic Horn of Africa Opportunities Fund will meet next week with clients and partners in Somaliland.

September 29, 2021

Shuraako Team Wraps Up Successful Visit from Key Nordic Fund Partners

Shuraako hosted Nordic Fund stakeholders from the European Union, IFU, DANIDA, and Norfund in Somaliland from September 19-24, 2021, highlighting the success of the Nordic Fund.

September 29, 2021

Shuraako’s Low Collateral Murabaha Program investments creating opportunity

Shuraako hosted the Swedish International Development Cooperation Agency (SIDA), our partner in a low collateral Murabaha program, in Somaliland to meet with participating banks and see the on-the-ground impacts.

September 20, 2021

Impact Investors in Shuraako’s Groundbreaking Nordic Fund Visiting Somaliland

July 13, 2021

Recently Approved Loans

Shuraako is continuing to approve loans through its Nordic Horn of Africa Opportunities Fund. Recently, Shuraako approved investments into Hafun Fish and Processing Plant and Taayo Engineering Solutions Company (TESCO). Read more about these businesses below.

June 16, 2021

Shuraako, Solar, & SHABA: The Impact of Investing in Somali Companies

The demand for clean, fresh water will only continue to grow, and that’s where the success of SHABA comes in. SHABA works to produce and distribute clean water to all of the local Borama citizens. Before SHABA, the local public utility managed the water supply in the city and maintained four borehol...