Shuraako News

Artificial intelligence could improve the process of enterprise lending in fragile and conflict-affected states like Somalia.

Employing over 50 staff members, one third of which are female, AADCO manufactures a range of paper products, but in an innovative push into environment-friendly entrepreneurship, the company also recently started the first recycling initiative of its kind in Somaliland.

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.

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.

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.

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...