Norfund’s $10m to support Somali small businesses

Fresh food vendors at the Karan market, Mogadishu, Somalia’s capital. AFP PHOTO | MOHAMED ABDIWAHAB

The Norwegian investment fund for developing countries (Norfund) has set up a $10 million kitty to support small businesses in Somalia.

Norfund, together with the Danish investment fund for developing countries (IFU) and Shuraako, an arm of One Earth Future (OEF), have set up the Nordic Horn of Africa Opportunities Fund to help small and medium-sized enterprises.