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.
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.
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.