5 days agoFull debt relief for Somalia: a new era for economic growthBy Ahmed Yuusef, CEO of Hormuud Telecom The International Monetary Fund (IMF) has announced that Somalia will qualify for full debt relief by the end of this year, presenting a pivotal milestone for Somalia’s development. Adding to this economic momentum is the World Bank’s forecast of Somalia’s GDP reaching 3.7%…2 min read2 min read
Aug 29Black Sea Grain Initiative’s withdrawal casts a shadow on Somalia’s drought battleBy Abdullahi Nur Osman, CEO, Hormuud Salaam Foundation East Africa is facing its worst drought in 40 years, with millions forced to flee their homes. In Somalia, humanitarian aid from local and global sources is keeping families temporarily afloat and preventing outright famine. But we’re not in the clear yet. …2 min read2 min read
Jul 14The rising tide of fintech in Africa — unleashing opportunity in SomaliaBy Ahmed Yuusef, CEO of Hormuud Telecom The fintech market is taking Africa by storm, with recent research from McKinsey forecasting African fintech markets to reach $150 billion by 2025. …3 min read3 min read
Jun 8Living on borrowed time: the importance of sustained development funding amidst the famineBy Abdullahi Nur Osman, CEO of Hormuud Salaam Foundation The United Nation OCHA’s Horn of Africa pledging conference earlier this month secured $2.4bn to help people living across Ethiopia, Kenya, and Somalia amidst the climate-induced drought and famine crisis. The donations fell short of the $7bn that the UN was…2 min read2 min read
May 19Creating a more inclusive economy: the importance of improving digital financial literacy in SomaliaBy Ahmed Yusef, CEO of Hormuud Telecom While only 16% of the Somali population have bank accounts, over two thirds of all payments made in Somalia now rely on mobile money platforms. We are well on our way to becoming a cashless society. However, a widespread lack of digital financial…2 min read2 min read
Apr 6From camel herder to telecoms leader — celebrating our CEO’s storyBy Abdiarshid Ali Ainanshe, CCO of Hormuud Telecom Hormuud Telecom strives to lay the infrastructure for Somalia to succeed. Our CEO, Ahmed Yuusef, is the driving force behind this vision and an inspiration for our country’s entrepreneurs. This is just one of the reasons why Ahmed is a nominee to…3 min read3 min read
Mar 10The diaspora helped create Somalia’s start-up scene, but we must continue to champion them at homeAhmed Yuusef, CEO of Hormuud Telecom Somalia’s community extends far beyond the boundaries of its nation. Our vast diaspora network has an estimated two million Somalis living abroad. And despite being far from their homeland, the Somali diaspora maintains strong ties to their nation. Having briefly left Somalia whilst the…3 min read3 min read
Feb 7Empowering Drought Victims: The Power of Mobile Money in Somalia’s Aid Relief EffortsHalima Abdulle Samatar and her four children were displaced to a humanitarian camp in Dolow, a town in the southern Gedo region of Somalia, when all sixty of her goats died due to the drought in Somalia. The Horn of Africa is enduring the worst drought in 40 years impacting…3 min read3 min read
Dec 19, 2022Hormuud awarded Somalia’s first Radio Spectrum LicenseBy Ahmed Mohamed Yusuf, CEO of Hormuud Telecom We are honoured to announce that Hormuud Telecom has been awarded Somalia’s first radio spectrum license. As the recipient of the license, we continue to support the government’s digital initiatives. …2 min read2 min read
Nov 8, 2022Hormuud: Leading Somalia’s digital evolutionFor the last twenty years, Hormuud has contributed significantly to Somalia’s growth and development. Following the civil war, our business established itself as a leading advocate and supporter within the community. As the nation’s first telecom operator, we built vital infrastructure that pathed the way for enhanced connectivity. Where two…2 min read2 min read
