SOMALIA – Mobile money industry worth $32 billion – World Bank

Somalia according to a World Bank report has become a continental leader in the African mobile money industry with a domestic market worth $32 billion. The report states that on a monthly basis, approximately 155 million transactions, worth $2.7 billion, are recorded. Mobile money has eclipsed the use of cash in Somalia, with over 70%... Continue Reading →

Somalia – A growing African hub for Startups

Somali founders and businessmen are rapidly turning the cities of Mogadishu, Garowe and Hargeisa into tech hubs filled with incubators and accelerators creating popular apps and platforms that allow for the purchase and dispatch of products or services in a more convenient way. These tech companies have begun transforming the lives of ordinary people in... Continue Reading →

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