Somaliland: Lack of ICT and Financial Sectors Legislation Injurious to Somalia’s Economic Development


Sub Saharan Africas undersea cables including the EASSy cable light blue. Image Wikimedia Commons

Somalilandsun – In terms of mobile penetration rates, Somalia/Somaliland is a leader in the region, with higher rates and lower prices than neighboring Djibouti and Ethiopia, which both enjoy higher levels of stability but retain state-owned monopolies.
But lack of a legal framework for both the Information Communication Technology- ICT and financial sectors is a source of risk potentially cramping the Somali economy reveals a World Economic Forum piece by Rachel Firestone titled How to support Somalia’s tech sector