Introduction

Ahmed Mohamed Yusuf grew up as the son of a camel herder in rural Somalia, yet he would go on to build one of the country's most influential telecommunications companies. His journey from local salesman to telecom chairman reflects a broader story of innovation amid conflict and reconstruction.

What Happened

Yusuf founded Hormuud Telecom in 2002, shortly after Somalia's civil war devastated national infrastructure. Recognizing strong demand for reliable communication, he launched affordable mobile services and pioneered free mobile-money transfers through the EVC Plus platform. The company subsequently expanded fibre-optic networks, deployed 5G infrastructure, and established 11 data centres powered largely by solar energy.

Why This Matters

By making mobile money free, Hormuud accelerated digital adoption across Somalia, where millions now conduct daily transactions without traditional bank accounts. Since 2018, monthly mobile-money transactions have exceeded $2.7 billion, with hundreds of millions directed to humanitarian aid. The initiative also addressed smartphone affordability through interest-free financing, using mobile-money and SIM-card history to assess borrowers and offering flexible repayment plans for irregular incomes. Solar-powered masts and regional data centres aim to extend connectivity reliably while supporting local economic growth.

Key Takeaways

  • Hormuud serves approximately four million Somali customers and hosts more than 18,000 local shareholders.
  • Free mobile-money transfers drove widespread adoption, with over 90% of households now using digital payments.
  • Interest-free smartphone financing starting at $19 has financed over 8,000 devices, primarily for users under 35.
  • The company operates 11 data centres with a combined 10-megawatt capacity, nearly 90% of masts run on solar power.
  • Yusuf's vision extends beyond connectivity, aiming to empower local businesses, farmers, and young entrepreneurs through digital infrastructure.

Conclusion

After more than two decades of building telecommunications infrastructure, Yusuf emphasizes that the next wave of growth will come from the businesses and communities his networks enable. From mobile money to 5G, Hormuud's investments are designed to keep Somalia's digital future rooted at home, supporting farmers, manufacturers, and young innovators across the country. Through partnerships like the UN Development Programme, the initiative aims to support over 2,000 young Somalis and 360 small businesses with training, mentorship, and employment opportunities.