Al Fatxi Fishing Company (“Al Fatxi”) began operations in 2004 in the port city of Berbera, Somaliland. Prior to receiving a capital investment, the company owned two boats and managed two others. The company needed additional funding to grow its fleet and increase its fish supply. Today Al Fatxi has three retail locations – in Hargeisa, Burao, and Berbera – and is the supplier for a fish store in Borama.
A 2013 Shuraako-facilitated investment enabled the company to purchase two additional boats and motors, fishing equipment, and a fuel tank. This investment in the blue economy created six additional jobs and doubled Al Fatxi Fishing Company’s monthly revenue. In 2018, Al Fathi secured an additional Shuraako-brokered investment, to procure two fishing boats and additional equipment, supporting further expansion of its production capacity.