Somalia is classified by the United Nations as a least developed country, with the majority of its population being dependent on agriculture and livestock for their livelihood. The economy of Somalia is $4.918 billion by gross domestic product as of 2020. For 1994, the CIA estimated it at purchasing power parity to be approximately $3.3 billion. In 2001, it was estimated to be $4.1 billion. By 2009, the CIA estimated that it had grown to $5.731 billion, with a projected real growth rate of 2.6%. In 2014, the International Monetary Fund estimated economic activity to have expanded by 3.7% primarily. This expansion was driven by growth in the primary sector and the secondary sector. According to a 2007 British Chambers of Commerce report, the private sector has experienced growth, particularly in the service sector. Unlike the pre-civil war period, when most services and the industrial sector were government-run, there has been substantial, albeit unmeasured, private investment in commercial activities. The investment has been largely financed by the Somali diaspora, and includes trade and marketing, money transfer services, transportation, communications, fishery equipment, airlines, telecommunications, education, health, construction and hotels.
Communications in Somalia encompasses the communications services and capacity of Somalia. Telecommunications, internet, radio, print, television and postal services in the nation are largely concentrated in the private sector. Several of the telecom firms have begun expanding their activities abroad. The federal government operates two official radio and television networks, which exist alongside a number of private and foreign stations. Print media in the country is also progressively giving way to news radio stations and online portals, as internet connectivity and access increases. In 2012, a National Communications Act was also approved by Cabinet members, and 2 October 2017, the president of Somalia Finally signed the National Communications Law, and became the official Law that regulated the ICT industry. Under that Law, National Communications Authority (NCA) of the federal Republic of Somalia has been established, with board of directors and a general manager. Somalia currently is ranked first in Africa for most affordable mobile data per gigabyte and 7th in the world.
Puntland, officially the Puntland State of Somalia, is a Federal Member State in northeastern Somalia. The capital city is the city of Garoowe in the Nugal region, and its leaders declared the territory an autonomous state in 1998. Puntland had a population of 4,334,633 in 2016. Geographically to the west, Puntland lays claim to the intra-46th meridian territories that were outside European colonial rule during parts of the Scramble for Africa period.
In the United Kingdom, telephone numbers are administered by the Office of Communications (Ofcom). For this purpose, Ofcom established a telephone numbering plan, known as the National Telephone Numbering Plan, which is the system for assigning telephone numbers to subscriber stations.
Bosaso, historically known as Bender Cassim is a city in the northeastern Bari province (gobol) of Somalia. It is the seat of the Bosaso District. Located on the southern coast of the Gulf of Aden, the municipality serves as the region's commercial capital and is a major seaport within the autonomous Puntland state.
Galkayo is the third-largest city in Somalia which serves as the capital of the north-central Mudug region. The city is divided into two administrative areas separated by a loose boundary.
Garowe is the capital city of Puntland located in northeastern Somalia. It serves as the administrative center of the Nugal region and is known for its strategic importance. The city has experienced growth and development, hosting government institutions and providing essential services to its residents. Garowe is situated in a territory with a semi-arid climate, and its economy is influenced by trade, livestock, and agriculture.
Qardho, also known as Gardo, is a city in the northeastern Bari region of Somalia, a district within the autonomous state of Puntland.
North Eastern Telecommunications Company is a telecommunications company established in 1993 in Bosaso, the commercial capital of Puntland a federal regional state of Somalia.
The Economy of Somaliland largely relies on primary production and agriculture, where livestock is the main export of the country, which it ships to neighbouring Djibouti and Ethiopia, as well as to Gulf states, such as UAE, Saudi Arabia and Oman. Somaliland has a GDP per capita of $853 and a gross domestic product GDP of $2,583,000,000 as of 2024, most of which it receives in remittances from Somalis working abroad. The COVID-19 pandemic has restricted Somaliland's trade flows with decreased demand in the agriculture sector, a significant source of tax revenue.
Between the fall of Siad Barre's government in January 1991 and the establishment of the Transitional National Government in 2006, there was no central government in Somalia. Large areas of the country such as Puntland and Galmudug were internationally unrecognized and administered as autonomous regions of Somalia, while forces in the northwest declared the Republic of Somaliland. The remaining areas, including the capital Mogadishu, were divided into smaller territories ruled by competing faction leaders. During this period, Somalia has been cited as a real-world example of a stateless society and a country with no formal legal system.
Telecommunications in Somaliland, an internationally unrecognised republic claimed by Somalia, are mainly concentrated in the private sector. A number of local telecommunications firms operate in the region, including Golis Telecom Somalia, SomCable, Somtel and Telesom.
Bharti Airtel Limited, commonly known as Airtel, is an Indian multinational telecommunications services company based in New Delhi. It operates in 18 countries across South Asia and Africa, as well as the Channel Islands. Currently, Airtel provides 5G, 4G and LTE Advanced services throughout India. Currently offered services include fixed-line broadband, and voice services depending upon the country of operation. Airtel had also rolled out its Voice over LTE (VoLTE) technology across all Indian telecom circles. It is the second largest mobile network operator in India and the second largest mobile network operator in the world. Airtel was named India's 2nd most valuable brand in the first ever Brandz ranking by Millward Brown and WPP plc.
Dahabshiil is a Somali funds transfer company, and is the largest money-transfer business in Africa. It's headquartered in Burao, Somalia. Formed in 2004, the firm operates from over 24,000 outlets and employs more than 2,000 people across 126 countries. It provides financial services to international organisations, as well as to both large and small businesses and private individuals. The company is also involved in community building projects in Somalia.
Somali Telecom Group ; (STG) is a telecommunications company based in Somalia. It was founded in 1993 in Rockville, Maryland, in the United States, by Abdirazak. Osman, Edmund L. Resor, Abdiaziz Ismail Dualeh and Luis F. George. According to the company's website's front page, it is Somalia's "first telecom service provider". STG maintains offices in 10 Somali cities; its head offices are currently located in Dubai.
Roshan is a telecommunications development company located in Afghanistan. It is a total communications provider with 6 million active subscribers and a network that covers over 287 districts and cities in all of the country’s 34 provinces.
Hormuud Telecom Somalia Inc. is a privately held telecommunications company based in Mogadishu, Somalia. It is the largest telecommunication company and largest private-sector employer in the country, and also Somalia's first private enterprise to be internationally ISO certified.
Ali Haji Warsame is a Somali entrepreneur, accountant, and politician. He served as the first director of management at the Port of Bosaso, and later as the chief executive officer of Golis Telecom Somalia. In 2014, he was appointed the minister of education of Puntland.
Salaam Somali Bank, often abbreviated to SSB, is a Somali commercial bank. It is headquartered in Mogadishu, Somalia. SSB is one of the largest privately owned banks in the country.
The Salaam Bank (SB) is a bank headquartered in Bosaso, the city of Bari region in north west Somalia.
