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Hormuud Telecom s 5G launch to boost Somalia s digital economy

Somalia has received its first 5G installation, cranking up a series of reforms to revamp its economy after joining the East Africa Community (EAC).

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Somalia: Hormuud Telecom and Somali Security Agencies Discuss Cooperation

Somalia: Hormuud Telecom and Somali Security Agencies Discuss Cooperation
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Kenyan army in Somalia accused of destruction of Hormud telecom mast and brutalising it s staff – Mareeg com somalia, World News and Opinion

Kenyan army in Somalia accused of destruction of Hormud telecom mast and brutalising it s staff – Mareeg com somalia, World News and Opinion
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Somalia issues its first mobile money license to Hormuud Telecom

NAIROBI Somalia’s central bank awarded on Saturday the country’s first mobile money license to Mogadishu-based Hormuud Telecom Somalia Inc, a move aimed at…

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Somalia issues its first mobile money licence to Hormuud Telecom

By Reuters Staff 2 Min Read NAIROBI, Feb 27 (Reuters) - Somalia’s central bank awarded on Saturday the country’s first mobile money licence to Mogadishu-based Hormuud Telecom Somalia Inc, a move aimed at formalising the country’s digital payments system and integrating it with the global financial system. Hormuud Telecom, which began operating in the Horn of Africa nation in 2002, has some 3.6 million subscribers in Somalia, a country of more than 15 million people, and roughly 3 million people use its mobile money platform EVC Plus. By granting Hormuud the licence, EVC Plus will now be subject to central bank regulation, which should boost confidence in the country’s mobile money system, the governor of the monetary authority said in a statement.

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