Somalia debuts national instant payment system

The United Nations’ agency is embracing security technology to curb theft of food meant for refugees in Somalia.

Paymentology's cloud-first card issuing and analytics platform enables Waafi by Salaam Bank to introduce digital and physical cards in Somalia.

Somaliland startup was chosen from over 800 applicants to participate in the famed Timbuktoo Fintech Accelerator program in Lagos.

This collaboration aims to increase the speed, efficiency, and security of digital payments in Somalia, making transactions easier.

The tech company says this supports its commitment to work with financial institutions to bring more people into the digital economy.

Authorities said with various spectrum bands already in use across the country, licences will be issued upon application and not by auction.

Newly established WIOCC Group company Open Access Data Centres charts growth course, beginning with Nigeria, South Africa and Somalia.

Company will focus on rural areas and is aiming for nationwide coverage by 2023.

WAAFI Fintech app launches as telco expands digital infrastructure across the country.

Telco’s mobile money platform EVC Plus now regulated and financially backed by the Central Bank.

Govt to roll out phased project in collaboration with telecoms operators and World Bank.

Abdi Sheik Ahmed has been endorsed to lead the country's first communications regulator.