Somalia Telecoms, Mobile and Broadband Markets, Statistics and Analyses Report 2021: Somalia's Government Making Strides in Improving Telecom Sector Regulation - ResearchAndMarkets.com
Somalia's government making strides in improving telecom sector regulation
Having undergone almost three decades in which there was no effective management over Somalia's telecom sector, there have been considerable changes made in recent years. These have mainly been in response to the government, having been newly elected in 2017, being determined to promote ICTs and to bring the country into line with international developments.
This has been manifested in several ways, including the adoption of a National Telecoms Law, the creation of a regulator to oversee the sector, and the introduction of a licensing regime under which all operators must secure one of three types of operating licence.
If policed effectively, this should end the free-for-all of former years wherein it was relatively easy for companies to set themselves up and offer services. These efforts towards inclusion have also benefitted the country's m-money providers. For many years, these services were unregulated and thus did not have the restrictions commonly applied by banks.
In addition, the poor currency conversion rate made it easy for locals to make transactions which would otherwise involve large amounts of currency. The Central Bank of Somalia (CBS) awarded a country's first m-money licence (to Hormuud Telecom) in February 2021, though such services had already been available for about a decade.
The licensing regime has formalised transactions, and made it possible to integrate m-payments with the country's own financial system and with international systems. The majority of adult Somalis use m-money services regularly.
Agreement provides individuals with broader access to a protein-based non-mRNA adjuvanted COVID-19 vaccine through combined commercial strength, from 2025 onwardsProvides Novavax with cash and an equity investment totalling approximately $1.2 billion...
Star Asia Group is pleased to announce that it has entered into a share transfer agreement with Minacia Co., Ltd. ("Minacia") on April 26, 2024, to acquire 100% of the shares of Minacia.
1? Reason for Share Acquisition
Star Asia Group believes that...
In the Company's announcement dated May 9, 2024, the 2023 comparative year EBITDA was corrected from $33.2 million to $44.8 million. The complete correct press release follows: Q1 2024 Financial Highlights(1): Revenues of $602.5 millionGross Margin...
Afya Limited ("Afya" or the "Company"), the leading medical education group and medical practice solutions provider in Brazil, reported today financial and operating results for the three-month period ended March 31, 2024 (first quarter 2024)....
Source Energy Services Ltd. ("Source" or the "Company") is pleased to announce its financial results for the three months ended March 31, 2024. Q1 2024 PERFORMANCE HIGHLIGHTS Key achievements for the quarter ended March 31, 2024 include the...