Browsing: diaspora remittances to Somalia

• Tech hub startups are among the businesses growing immensely in Somalia
• There has also been an increasing number of potential businesses coming up in Somalia, brought about by the increased growing economy

Investment opportunities in Somalia are on the rise, driven by increasing diaspora remittances.

This is according to various experts among them Silicon Horn co-founder Awil Osman who emphasized the need of using remittances to grow the startup ecosystem in the country.

“Tech hub startups are among the businesses growing immensely in Somalia. There are now more than 15 of them. The startup ecosystem is rapidly going regional,” Osman said.

Commenting on the same, Pangea Trust Managing Director Anne Lawi said that there has been an increasing number of potential businesses coming up in Somalia, brought about by the increased growing economy.

“We see the potential to increase the share of remittances set aside as investments to 25 per …