Farm Pond

Galkacyo, Somalia

The farm ponds will be used to harvest rainwater during spring and autumn for irrigation and drinking water.


Farm pond size: 10.000 m3

Capacity: 10 million liters

Price cubic metre (m3): $ 3

Minimum investment: 50 m3

Estimated annual ROI: 20%

About this project

The farm ponds will be used to harvest rainwater during spring and autumn. We will use the water for irrigation of our greenhouse farms and some of it will be sold to others, especially nomadic livestock herders who need affordable water during dry seasons for their animals and families. This project will consist of two farm ponds of 5000m3 each with a capacity to hold up to 10 million liters. We are building these ponds outside the city of Galkacyo in central Somalia.

Rainfall in this region

Of all the standard climatic parameters, rainfall is the most variable in time and space in Somalia. The amount of rainfall received across the country can vary dramatically from year to year. This data from the UN World Food Program (WFP) shows rainfall amounts for last year and for the long term average (20 years) in grey.

Weather forecast

Current weather conditions and 7 day forecast for Galkacyo, Somalia.

GALKACYO WEATHER

Investing in farm ponds

We are raising the funds to build this farm pond. Users who have invested in the farm ponds will get a share of the revenues from the water. Investors can invest in a minimum of 50m3. Your share of the revenues will be calculated based on how much percentage you have invested in the pond. The investment price for this farm pond is $ 3 per cubic meter. After every rainfall, we will report how much water has been collected in the ponds. Investors will get $ 0.6 per 1000 liters of water stored in the farm ponds. Revenues will be distributed every 6 months until the investor has recouped their investment back plus a profit of 60%.

If it rains in both the spring and autumn seasons, we estimate that the farm ponds will be 100% full in both seasons and could generate a revenue of $12000 per year for the investors. Based on these numbers, we estimate the investors will get their money back and with a 60% total profit in 2.5-4 years. It is important to note that these are just estimates and results are dependent on rainfall which can be variable.

Example investment in farm ponds

This is an estimate of potential return on investment on a 3 year period.

Invested Share Payback A. ROI
$ 300
(100m3)
1 % $ 480 15 %
$ 1 500
(500m3)
5 % $ 2400 15 %
$ 3 000
(1000m3)
10 % $ 4800 15 %
$ 1 500
(5000m3)
50 % $ 24 000 15 %
$ 30 000
(10000m3)
100 % $ 48 000 15 %

Project timeline

This an estimated timeline and may change over time.

Announced Construction First Payment
Mar 2019 Aug 2019 Jan 2020

Local impact

This farm pond will provide irrigation water to our farms which will produce affordable food for the local community. The farm pond will also be an emergency water reserve for the local community in case of droughts. They will be able to buy water at a low cost for their animals and families.

Risk assessment

Every investment carries risk and investment with Agrikaab is no different but we try to be transparent and do our best to minimize the risks. These are the potential risk with this project

  • Security [medium] The security situation in this area is unstable. This project will be next to the greenhouse farm where we will have a team at all times. There is potential clan conflict in this city.
  • Low or lack of rainfall [medium] In case of low and lack of rainfall, this will have direct impact on the revenues from this project.
  • Theft [low] There is low risk for theft of the water. The pond is next to the greenhouse farm.

Our impact

Creates jobs

Our local operation creates jobs for former nomads who work at our farms. They take care of the farms, buy and sell products.

Locally produced food

We are producing locally produced food which are distributed in the local market. We sell organic milk and vegetables at affordable prices.

Supports the local economy

Agriculture is over 75% of Somalia’s economy (GDP). We are bringing global investment to this vital industry for the local economy.

Our global investors

Our investors come from all continents from more than 50 countries

Somalia Kenya Sweden USA Germany Canada Denmark Finland France Spain Portugal Italy Czech Republic Slovakia Slovenia Estonia United Kingdom Netherlands Ireland Australia New Zealand Singapore Malaysia Mauritius Uganda South Africa United Arab Emirates Saudi Arabia Bahrain China Japan South Korea Argentina Brazil Poland Croatia Turkey Hungary Uruguay Malta India Luxembourg Romania

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