A Message to the Somali Youth from the Richest Man in Somalia

[Man with a garuun]

Ahmed Nur Jim'ale owns Hormuud, Golis, and Telesom telecommunication companies.

He also owns Taaj money remittance, Salaama Bank, and many other ventures.

He has this message for the Somali youth.

 

[Idilinaa]

Hormuud doesn’t actually own those other companies outright , they either hold small shares or operate through partnerships with other businesses.


Even the founder himself doesn’t fully own Hormuud. The company is owned by thousands of shareholders spread across the country, many of whom also have stakes in other ventures.

It’s not like Dahabshil Group, which is a true conglomerate with direct subsidiaries.

He went through some extremely tough times in his business life. Before Hormuud, he founded a major conglomerate called Al-Barakat Group, which was later raided and sanctioned after 9/11. The Bush administration targeted many Muslim-owned entities during that period, and Al-Barakat was caught in the crossfire. Overnight, he lost everything , his assets were frozen, and he was left in debt.

He managed to pull through only by turning to the Quran for guidance and strength:

In the end, all accusations turned out to be false there was no evidence behind them:

His story is of resilience and perseverance. Despite everything, he went on to play a pivotal role in rebuilding Somalia’s economy and supporting millions of Somalis, with his faith guiding him through it all.

The Man Who Modernized Somalia’s Economy

As a boy, he loved school and herding animals. As a young man, he became a businessman; and as a businessman, through a personal will, he revolutionized an entire industry and became a national pil…

somaliainvestor.so

The key lesson here is simple but powerful: accept what happens, let go of blame and bitterness, and keep moving forward. That’s the only way to grow and rebuild.

 

[𐒁𐒚𐒒𐒂𐒘𐒂𐒗 𐒎𐒚𐒗𐒗𐒒]

He is a shareholder in Golis. He does not own it completely.

Also, will his telecom companies take accountability for supplying anyone, even illegals, with phone numbers? Not to mention, the terrorists that operate in certain areas that will show up on the telecom towers??

 

[Man with a garuun]

He is a shareholder in Golis. He does not own it completely.

Also, will his telecom companies take accountability for supplying anyone, even illegals, with phone numbers? Not to mention, the terrorists that operate in certain areas that will show up on the telecom towers??

He owns over 50% of Golis. That is a controlling interest, and other shareholders can't make decisions without his consent.

Hormuud doesn’t actually own those other companies outright , they either hold small shares or operate through partnerships with other businesses.


Even the founder himself doesn’t fully own Hormuud. The company is owned by thousands of shareholders spread across the country, many of whom also have stakes in other ventures.

It’s not like Dahabshil Group, which is a true conglomerate with direct subsidiaries.

He owns 75% of Telesom shares.

He also owns majority of shares in Hormuud. Other shareholders having shares doesn't mean they can make decisions for these business and overruled him. He has the final say above all shareholders.

He went through some extremely tough times in his business life. Before Hormuud, he founded a major conglomerate called Al-Barakat Group, which was later raided and sanctioned after 9/11. The Bush administration targeted many Muslim-owned entities during that period, and Al-Barakat was caught in the crossfire. Overnight, he lost everything , his assets were frozen, and he was left in debt.

He managed to pull through only by turning to the Quran for guidance and strength:
View attachment 377734

In the end, all accusations turned out to be false there was no evidence behind them:
View attachment 377736
View attachment 377735
View attachment 377737
View attachment 377738

His story is of resilience and perseverance. Despite everything, he went on to play a pivotal role in rebuilding Somalia’s economy and supporting millions of Somalis, with his faith guiding him through it all.

The Man Who Modernized Somalia’s Economy

As a boy, he loved school and herding animals. As a young man, he became a businessman; and as a businessman, through a personal will, he revolutionized an entire industry and became a national pil…

somaliainvestor.so

The key lesson here is simple but powerful: accept what happens, let go of blame and bitterness, and keep moving forward. That’s the only way to grow and rebuild.

 

[Idilinaa]

He owns over 50% of Golis. That is a controlling interest, and other shareholders can't make decisions without his consent.





He owns 75% of Telesom shares.

He also owns majority of shares in Hormuud. Other shareholders having shares doesn't mean they can make decisions for these business and overruled him. He has the final say above all shareholders.

They all hold shares in each other’s companies and operate as investors, but Telesom and Golis are still major competitors to Hormuud. There isn’t a single, centralized ownership , instead, there’s cross-ownership, with many overlapping shareholders who invested in multiple firms during the early 2000s when they collaborated to build national infrastructure. That created a network of partnerships, not one empire owned by a single person.

Owning a majority stake doesn’t automatically mean someone can unilaterally control a company. That authority rests with corporate directors or shareholder votes, all of which are bound by the same legal and financial regulations.

Hormuud, Telesom, and Golis are collective shareholder companies , they’re owned by hundreds, even thousands, of investors, including many ordinary Somalis and members of the diaspora.

Hormuud especially is structured as a private limited company with thousands of small shareholders.

There’s no single individual who holds 75% or even 50% of Hormuud’s shares , that’s publicly verifiable through Somali business registries and company statements.

 

[Gacmeey]

He owns over 50% of Golis. That is a controlling interest, and other shareholders can't make decisions without his consent.





He owns 75% of Telesom shares.

He also owns majority of shares in Hormuud. Other shareholders having shares doesn't mean they can make decisions for these business and overruled him. He has the final say above all shareholders.

Good so he can be held responsible for the wanton supply of SIM cards/bank accounts to oromo and Daesh?

 

[Idilinaa]

Good so he can be held responsible for the wanton supply of SIM cards/bank accounts to oromo and Daesh?

The sim cards and phone numbers they found on ISIS/Daesh was from Oman and Saudi Arabia and they used satellite.

The Islamic State has regrouped in Somalia

The Islamic State has regrouped in Puntland, Somalia — and has global ambitionsThe Washington PostFebruary 11, 2025By Katharine Houreld The Post ventured to the front lines of an offensive against the Islamic State in northern Somalia, where foreign fighters are flowing in and cash is flowing...

www.genocidewatch.com

“I was in a knife fight,” he said sullenly, despite the shrapnel wounds on his face and body and the confiscated evidence spilled across the table: a pistol, small improvised explosives, and a constellation of SIM cards that included a Thuraya satellite phone and Omani and Saudi numbers.

It wasn't from Hormuud or any other Telecom providers in Somalia.

Also there is ban/deactivation of sim cards to undocumented people and even if they get a sim card its pretty much useless as you can't even activate it because you need documentation/identification for that.

 

[𐒁𐒚𐒒𐒂𐒘𐒂𐒗 𐒎𐒚𐒗𐒗𐒒]

Anyone who has visited Somalis, knows that illegals run around with cardboard signs with local numbers on them. And when you send money to these numbers, foreign AND local names pop up. If these telecom companies cared, when they get harassed by these Ethiopian 'street beggars', they'd go and deactivate or report the numbers themselves. But they don't. Why are these numbers still working? It's not like Ethiopian 'street beggars' hide themselves, they follow people around.

I encourage all Somalis to visit Somalia to see the extent of neglect and or/conspiracy to cover up illegal Ethiopian and other foreign national criminal networks.

These Somali States and FG, pay lip-service to quieten concerned people, but in reality do little to nothing.

 

[Idilinaa]

Anyone who has visited Somalis, knows that illegals run around with cardboard signs with local numbers on them. And when you send money to these numbers, foreign names pop up. If these telecom companies cared, when they get harassed by these 'street beggars', they'd go and deactivate or report the numbers themselves. But they don't.

I encourage all Somalis to visit Somalia to see the extent of neglect and or/conspiracy to cover up illegal and criminal networks.

The only poor people that use local numbers are displaced Somalis that ask for donations.

All major Somali telecoms , Hormuud, Telesom, Golis, and Somtel , require verified national IDs, biometric data, or official documentation to open a "mobile money (EVC/Mobile wallet)" account.

Since around 2017–2019, Somalia’s central bank and the telecom companies implemented strict KYC (Know Your Customer) rules to comply with anti–money laundering and counter terrorism financing regulations.

So random “illegals” can’t just open and use accounts freely under fake names anymore , they’d get flagged or deactivated during periodic audits.

 

[Gacmeey]

The only poor people that use local numbers are displaced Somalis that ask for donations.

All major Somali telecoms , Hormuud, Telesom, Golis, and Somtel , require verified national IDs, biometric data, or official documentation to open a "mobile money (EVC/Mobile wallet)" account.

Since around 2017–2019, Somalia’s central bank and the telecom companies implemented strict KYC (Know Your Customer) rules to comply with anti–money laundering and counter terrorism financing regulations.

So random “illegals” can’t just open and use accounts freely under fake names anymore , they’d get flagged or deactivated during periodic audits.

I got a sahal account and all I needed was someone to vouch for me. This is was 2 years ago mind you

 

[Idilinaa]

I got a sahal account and all I needed was someone to vouch for me. This is was 2 years ago mind you

You probably were referred or vouched for by an existing customer or agent, and they provided local contact information (e.g., district, reference, phone number).

But its not like that anymore though, the Central Bank and telecoms tightened regulations. Most mobile money services now require an official ID (passport, national ID, or driver’s license), or, in some areas, biometric registration through local authorities.

 

[𐒁𐒚𐒒𐒂𐒘𐒂𐒗 𐒎𐒚𐒗𐒗𐒒]

The only poor people that use local numbers are displaced Somalis that ask for donations.

All major Somali telecoms , Hormuud, Telesom, Golis, and Somtel , require verified national IDs, biometric data, or official documentation to open a "mobile money (EVC/Mobile wallet)" account.

Since around 2017–2019, Somalia’s central bank and the telecom companies implemented strict KYC (Know Your Customer) rules to comply with anti–money laundering and counter terrorism financing regulations.

So random “illegals” can’t just open and use accounts freely under fake names anymore , they’d get flagged or deactivated during periodic audits.

Why do you always defend the Somali authorities?

Have you even stepped foot in Somalia? If you did, how do you confuse an Ethiopian for a Somali?

 

[Riftvalley]

Wasn’t his dad a major sheikh?