On February 2, 2021, the European Union launched 3 new projects in support of Somalia’s private sector. One of the projects will contribute 5.5M€ to the Nordic Horn of Africa Opportunities Fund (the ‘Nordic Fund’) which is an impact fund targeting Somali small and medium-sized enterprises.
Somali businesses like AADCO Paper Factory are working hard - and making great strides - toward securing a place on the international market where they can be competitive and bring new, innovative ideas to the private sector.
Shuraako clients Tayo Uniforms and Embroidery and Dheeman Fashion and Tailor are adapting to the COVID crisis by pivoting their sewing operations and producing masks at affordable prices
Artificial intelligence could improve the process of enterprise lending in fragile and conflict-affected states like Somalia.
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.
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 support. Work in Progress!
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.
Shuraako, Norfund, & 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.
