Shuraako News

The latest news and events from Shuraako

Shuraako News

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March 11, 2022

Somali Women Cultivating Sustainable Peace

One Earth Future and Shuraako are proud to present the short film “Somali Women Cultivating Sustainable Peace”. The film showcases several female farm owners in the Garowe/Puntland region of Somalia supported through Shuraako’s Nordic Horn of Africa Opportunities Fund.
January 10, 2022

New Shuraako Impact Investments Support Youth, Foster Renewable Energy

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 rece...
November 09, 2021

Shuraako Investments Creating Permanent Jobs for Women

As a program of the One Earth Future Foundation, Shuraako believes that women play a vital role in sustaining a more peaceful world. Shuraako tracks the addition of jobs for women for each of the companies with which we work through midterm progress reports.
July 13, 2021

Recently Approved Loans

Shuraako is continuing to approve loans through its Nordic Horn of Africa Opportunities Fund. Recently, Shuraako approved investments into Hafun Fish and Processing Plant and Taayo Engineering Solutions Company (TESCO). Read more about these businesses below.
June 16, 2021

Shuraako, Solar, & SHABA: The Impact of Investing in Somali Companies

The demand for clean, fresh water will only continue to grow, and that’s where the success of SHABA comes in. SHABA works to produce and distribute clean water to all of the local Borama citizens. Before SHABA, the local public utility managed the water supply in the city and maintained four borehol...
April 24, 2020

Pandemic could fuel demand for 'diaspora bonds', says World Bank

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.