2. Is it possible to invest profitably in Somalia?
..and do these pictures give a precise illustration of the region?
Although the troubles cannot be ignored –
‘there have been more positive developments thant the country gets credit for

3. A different part of the story..
… is one of hope, one of growing businesses, one of hidden entrepreneurial potential of women and one of the Diaspora going back and helping people.

4. SHURAAKO CONNECT INVEST JOBS Three Tiered Approach
Shuraako is a program of the One Earth Future Foundation that will foster a thriving Somali economy that contributes to resilience and peace
Three Tiered Approach
CONNECT
INVEST
JOBS

5. SHURAAKO OVERVIEW Local Approach Somalia
Shuraako has developed and expanded its local infrastructure over the past four years which now includes offices throughout the country and a highly skilled permanent staff
Local Approach
Somalia
Approach to investments tailored to local conditions.
Character checks and relationships are key to succeed in the Somali market.
Shuraako actively manages and monitors each investment through collection of reports, site visits and home office risk monitoring.

6. Region (% of Portfolio):
SHURAAKO PORTFOLIO OVERVIEW
Shuraako has catalyzed over $8.0 million in investment and managed over 90 loans in Somalia projected to create over 1,200 jobs.
Impact:
Brokered investments for Somali-based Businesses
Total Economic Impact
90+
$8.0m
$7.5m
Projected Jobs Created
1,268
Region %
Somaliland
52%
Puntland
33%
South Central
15%
Region (% of Portfolio):
Per total facilitated investment dollars 87

7. Portfolio Loan Repayments(1)
SHURAAKO TRACK RECORD
Shuraako’s relationship driven model has maintained timeliness of portfolio repayments
Track Record
Portfolio Aging
Portfolio Loan Repayments(1)
2015
2016
Correlation Coefficient r = 0.95
2014
2015
2016
Loan Loss %(2) %
On a portfolio basis, Actual payments are highly positively correlated to Expected payments with a correlation coefficient of 0.95.
Any amount that is lost due to default or write-off is recognized in the loan loss ratio, which is currently at 1.4%.

8. The Nordic Horn of Africa Opportunities Fund
Financial Viability
Norfund and Shuraako have come together to create the Nordic Horn of Africa Opportunities Fund
Nordic Investors
Support from Norwegian MFA
> 5% net USD return
First initiative of its kind
Fill market gap
Lay the foundation for peace
Environment Social Governance Standards
Development Effects

9. VALUE PROPOSITION
The Nordic Horn of Africa Opportunities Fund is a USD 10 million permanent capital vehicle with USD 3 million loss protection that will finance Somali SMEs
Strategy
Financing of local SMEs through proven approach and track record.
Sharia-compliant investment structures – Murabahah.
Focus
Within three years create investment portfolio of SMEs.
Support local businesses across Somalia.
Approach
Murabahah Sharia financing.
Create a vehicle for the long term - with dividends and liquidity events for investors.
Team
Local on-the-ground teams in Hargeisa, Mogadishu and Puntland.
Senior Support Team in Denver, Colorado.

10. Somaliland Investment Forum 2017