SOMALILAND INVESTMENT FORUM 2016 September 19-21, 2016 Hargeisa, Somaliland
SHURAAKO OVERVIEW CONNECT: INVEST: JOBS: Shuraako is a non-profit initiative of the One Earth Future Foundation that employs a three tier approach to facilitate Somali economic growth Connects Somali MSME entities to suppliers, Shuraako’s network, and/or clients to help drive local market demands CONNECT: Catalyzes the relationship between Somali enterprises and investors by performing on-the-ground due diligence and managing post-investment execution INVEST: Creates Somali jobs through connections and investment placements JOBS:
SHURAAKO’S MISSION PRIVATE SECTOR GOVERNANCE A responsible private sector and government together form a virtuous cycle that lead to greater peace and stability PRIVATE SECTOR GOVERNANCE Responsible Private Sector: Creates jobs Contributes to economic development Stimulates civic participation Supports effective governance Good Governance: Facilitates economic growth Encourages investments through policy making Responsibly manages tax base for public good Once the FLY WHEEL of the private sector & good governance engage, momentum builds for greater impact
SHURAAKO “HOLISTIC APPROACH”
SHURAAKO WORK In addition to managing and developing funds, Shuraako also organizes and hosts investment conferences, produces research, supports the development of business associations all to build on the credit framework in Somalia FUND MANAGEMENT & DEVELOPMENT: Funds: Arsenault Family Foundation Fund Somali AgriFood Fund Somaliland Youth Enterprise Fund Revolving Retail Credit Extension Facility Renewable Energy Impact Investment Fund (4Q’16) Fund Development: Credit Guarantee Fund Feasibility for Donor Various Co-Finance funds activities (in advanced development) CONFERENCES: Somali Investment Forum - 2015 Somali Renewable Energy Forum - 2016 Somaliland Investment Forum - 2016 RESEARCH: Somali Diaspora Investor Survey M&E Framework (quantifies and assess the effectiveness of Shuraako’s impact) BUSINESS ASSOCIATIONS: Supporting sector associations in renewable energy and financial services Working with Chambers of Commerce to support private sector development CREDIT FRAMEWORK: Formulating the basics of a Somali credit rating system
Region (% of Portfolio): FUND PERFORMANCE as of 8/2016 Shuraako has facilitated and managed over $7.4 million in investments in diversified sectors across Somalia while successfully ensuring repayments and creating jobs Job Creation Numbers: Portfolio at Risk > 30 days (est.): Loan Loss Ratio: 5.8% 0.8% 1,710 JOBS CREATED* * Projected at investment Total Investment $7.4m Region (% of Portfolio): Somaliland 53% Puntland 33% South Central 14% Fund Manager for funds: 3 Deals per Sector: Brokered investments for Somali-based Businesses 79+ 1% 16% Primary Investment Vehicle: Murabahah Deal Size: $5,000 ~ $150,000 Term: 2 ~ 5 years (monthly amortization) Type: Asset-back loan Owner Contribution: 30% (of total deal) cash investment *Data as current as of June 30, 2016 **Data is aggregated across all funding sources
CONTACT US www.shuraako.org MOGADISHU OFFICE COLORADO OFFICE Mahad Awale Country Director South Central mawale@shuraako.org Lee Sorensen Director lsorensen@oneearthfuture.org Tony Pelz Associate Director, Investment Management tpelz@shuraako.org GAROWE OFFICE Mahad Awale Country Director Puntland mawale@shuraako.org Chris Broda-Bahm Associate Director, Business Development cbrodabahm@shuraako.org HARGEISA OFFICE Abdikarim Gole Country Director Somaliland agole@shuraako.org info@shuraako.org www.shuraako.org
Tailored Business Development Services to Scale Employment of Women and Youth