Hormuud Telecom’s game- changing story in Somalia

On April 2, Hormuud Telecom celebrated its twentieth anniversary. Founded entirely by Somalis in 2002, the telecom company had just 250 shareholders, ten costomer centers, and a small number of customers at the time of its humble beginnings. Two decades later, the Company has attracted nearly four million subscribers, over 10,000 shareholders, and over 1000costomer centers, and a small number of customers at the time of its humble beginnings. Two decades later, the Company has attracted nearly four million subscribers, over 10,000 shareholders, and over 1000 customer service centers in urban and rural areas. Hormuudis the leading mobile network operator in Somalia, accounting for approximately over 50 percent of the total Somali Telecom market share. The telcominication giant offers services, such as Fixed-line; Mobile Broadband with the largest 4G coverage; Fixed Broadband such as Fiber-to-the-Home, and Fiberto-the-Office; EVC Plus – a Mobile Money Service; International Roaming and other services. One of the most affordable voice and data rates, sometimes even half as expensive as what other operators in the nation and even in East Africa charge, are offered by Hormuud Telecom. 5 magazine explore a number of factors that distinguish Hormuud from other companies of its kind in this episode of celebrating the success of this gigantic Somali-owned business. To begin with, Hormuud Telecom foundation is the first corporate foundation in Somalia, providing various charitable works to support critical sectors such as healthcare, education, economic development, and emergency response. It also focuses on science, art, and culture as well as youth deployment program. The foundation funds and runs Alnuur School for the blinds.

It covers almost all of the costs for the school such as boarding facilities, chartered buses for the students, teachers’ payments, utility, and rental expenses among others. The foundation also runs a private firefighting service, a vital social safety program that was sorely lacking, and it annually awards scholarships to a number of Somali students in need of financial aid to pursue higher education. The foundation bought six brand-new dialysis machines and other equipment, including generators, were donated to Digfeer Hospital in April 2019