Hormuud Telecoms news
Somalia Has the Lowest Mobile Data Costs in Africa, According to Research
One of Somalia’s largest telecommunications providers, Hormuud Telecoms has announced that it’s aiming to reach 100% of the Somali population with mobile money financial services. Telecommunications have grown substantially in Somalia over the past 10 years. With over 11 different providers now present in the market, the average costs of 1GB bundles have fallen to the lowest levels compared with any other nation in Africa or the Middle East. For a country long affected by civil war and unrest, the news offers a rare insight into the changing shape of the business community within Somalia. In Somali urban centres, mobile money penetration now stands at over 80%. Even in rural Somalia the mobile money penetration rate of 55%. A World Bank report published i...
