ICT/Digital Economy Sector
The ICT sector and broadband connectivity in Somalia are underway
Technology Sector
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:
Market for mobile money services
Investments inI.T. Enabled Services
Broadband services
Data Storages
Software and hardware development
The ability to develop ICT in enterprises and schools for better competitiveness
ICT consultancy services
Investments in R&D facilities
Investments in Artificial Intelligence
Science and technology learning centers
Investments inwide range of Business Process Outsourcing (BPO)
Investments in diversification of Fibre Optic cables
Investments in Knowledge based ICT services
Metro development for the fibre optic to major towns and cities
High-speed internet for which the market is still unexploited
For more information about this sector download the documentation
Related Documents
Gallery
Your Gate way to invest in Somalia ?
- info@sominvest.gov.so
- + 252 619 111 530
Please drop an email or call us, our representative will connect with you soon.