Shuraako, in partnership with the Somaliland Ministry of Trade and Investment, the Somaliland Ministry of Energy and Minerals, and the Somaliland Chamber of Commerce, hosted the Somaliland Investment Forum 2017 (SIF 2017) September 19–21, 2017. The SIF 2017 brought together over 330 attendees to discuss ways to strengthen private sector investment, encourage women and youth entrepreneurship, develop a skilled workforce, and bolster the renewable energy sector.
Sustainable Energy Africa
Access to clean, affordable power drives the economy, especially in emerging markets. Shuraako is committed to sustainable energy in Africa.
One of the largest electricity and energy providers in Somalia. It was established as a small, fuel-generated enterprise and has since grown to have a 4.9MW capacity, with hybrid fossil fuel and green energy production.
A purified water and dairy milk manufacturer. Through a Shuraako-brokered investment, Al-Kawsar was able to drill an additional 220m borehole to increase its water production and provide a continuous water supply for farm and factory.
Due to drought conditions present in Somalia, the farm utilized a shallow well and pump to supplement rainfall and was only able to cultivate 43% of its land.
Somalia’s and Somaliland’s difficult histories have hampered the development of infrastructure that could support growth and improve lives. The energy sector has been particularly hard hit. In the continuing series of market analyses of potential opportunities, the prospects of wind power generation in Somaliland are reviewed. The need for review is given even more urgency by official Somaliland data indicating that more than 90% of the total energy consumed there has its origins in biomass. These biomass sources are derived primarily from fast-diminishing plant cover.
Affordable access to electricity is a critical issue for economic growth and stability in Somalia. This report describes the evolving landscape of energy in the country and outlines the burden of limited electricity services and extremely high tariffs on households, businesses, and the environment.
The Somali Renewable Energy Skilled Workforce Survey sought to better understand the current and future labor force needs to effectively grow the Somali renewable energy sector
The Somali renewable energy market has some of the largest potential in Africa, but often stakeholders have been working in isolation from each other and from global markets.
Shuraako, with Dahabshil Bank International and the Arsenault Family Foundation, have teamed up to create the Powering Progress Fund to give micro, small, and medium enterprises that are using renewable energy technology uncluttered access to financing.
Shuraako's work and recent Somali Diaspora Investment Survey were recently featured on Voice of America (VOA) Somali. Director Lee Sorensen and Country Director for Somaliland, Abdikarim Gole, talked about the challenges Somali businesses face, and the importance of a reliable electricity supply. Forums Shuraako has hosted in Hargeisa explore the potential of investments in contributing to inexpensive electricity generation and renewable energy sources.