By - Reporter
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MOGADISHU, Somalia, 20 October 2026 Somalia’s Minister of Planning, Investment and Economic Development has praised Hormuud Telecom for its contribution to economic development, saying the company has helped create jobs, support service delivery and strengthen the private sector.
Speaking at the Somali Achievers Awards (BGS26) in Mogadishu, on Tuesday, the minister said Hormuud had become an important part of Somalia’s economy and had helped provide services in areas where public institutions had struggled to meet demand.
He said the company had created employment opportunities for thousands of Somalis, contributed to national economic output and supported the development of a skilled workforce.
The minister described Hormuud as an example of a Somali business that had sustained its operations over many years, saying successful companies could play a significant role in the country’s long-term economic development.
He congratulated the company’s founders, management, board members and employees, saying their work deserved recognition for its contribution to employment and economic growth.
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The minister also praised healthcare professionals, thanking doctors and other health workers for their role in protecting lives and supporting the country’s development.
This year’s BGS26 event focuses on health under the theme “Towards a Healthier Somalia – Progress, Challenges & Future Pathways.”
The minister said the government’s national development agenda rests on four pillars: governance, economic development, social development and human capital, and climate resilience. He said public institutions and private businesses needed to coordinate their work to support these priorities.
He added that the private sector should be central to the country’s national transformation efforts, with government plans and business activities aligned to improve services and promote sustainable development.
The minister did not provide specific figures for Hormuud’s contribution to gross domestic product, employment or public service delivery.