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SOMALILAND INVESTMENT FORUM 2016
September 19-21, 2016 Hargeisa, Somaliland
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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:
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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
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SHURAAKO “HOLISTIC APPROACH”
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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 Somali Renewable Energy Forum Somaliland Investment Forum 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
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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% % 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
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CONTACT US www.shuraako.org MOGADISHU OFFICE COLORADO OFFICE
Mahad Awale Country Director South Central Lee Sorensen Director Tony Pelz Associate Director, Investment Management GAROWE OFFICE Mahad Awale Country Director Puntland Chris Broda-Bahm Associate Director, Business Development HARGEISA OFFICE Abdikarim Gole Country Director Somaliland
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Tailored Business Development Services to
Scale Employment of Women and Youth
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