ICT/Digital Economy Sector
The ICT sector and broadband connectivity in Somalia are underway
Somalia’s telecommunication sector boasts cutting-edge technologies, a mushrooming of wireless solutions and the lowest calling rates in the region.
One of the fastest growing sectors in the economy. Private operators have emerged to meet the high demand for critical communications services. The sector now accounts for up to 11% of GDP (or around USD1M). The sector plays a significant role in rebuilding the Somali economy.
Costs are generally lower than in other East African countries such as Djibouti and Ethiopia, and mobile penetration is greater than in Djibouti. Somalia’s large international diaspora has contributed to the growth of the ICT sector, since Somalis abroad seek ways to stay in contact with their families.
Investment Opportunities in Technology:
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