Ahmed Nur Ali Jimale

CEO Hormuud Telecom

Somalia Born 1965 58 views Updated Feb 21, 2026
Business & Economics Telecom

$1B

Estimated Net Worth

As of 2024 • medium confidence

Financial Breakdown

Total Assets
$1.3B
Total Liabilities
$250M
Net Worth
$1B

Asset Distribution

Assets vs Liabilities

Assets

Category Description Estimated Value
Business Holdings Majority ownership stake in Hormuud Telecom Somalia, the country's largest telecommunications and mobile money provider $681,818,182
Business Holdings Significant stake in Salaam Somali Bank, one of Somalia's largest commercial banks $136,363,636
Business Holdings Ownership in Hormuud's mobile money service, EVC Plus, a dominant financial platform in Somalia $227,272,727
Real Estate Commercial real estate holdings in Mogadishu and other major Somali cities related to business operations $90,909,091
Investments Diversified investments in Somali energy, agriculture, and infrastructure sectors through corporate channels $113,636,364
Total Assets $1,250,000,000

Liabilities

Category Description Estimated Value
Business Loans Corporate debt and financing for telecommunications infrastructure development and expansion $181,818,182
Business Loans Bank loans and credit facilities for Salaam Somali Bank operations and banking sector requirements $68,181,818
Total Liabilities $250,000,000

Disclaimer: These financial estimates are based on publicly available information and should be considered approximate. Last updated: 12/29/2025

Biography

Biography of Ahmed Nur Ali Jimale | CEO of Hormuud Telecom | Business & Economics Leader Ahmed Nur Ali Jimale: The Visionary CEO Rebuilding Somalia Through Telecom

Introduction: A Pillar of Somali Business & Economics

In the landscape of Somalia's post-conflict reconstruction, few figures stand as prominently as Ahmed Nur Ali Jimale. As the long-serving CEO of Hormuud Telecom, Jimale is not merely a business executive; he is a nation-builder whose work has fundamentally reshaped the country's economic and social fabric. His leadership at Hormuud, Somalia's largest telecommunications and financial services company, represents a cornerstone of modern Business & Economics in the Horn of Africa. Under his stewardship since the early 2000s, Hormuud has grown from a nascent operator into an engine of national development, providing critical infrastructure, enabling financial inclusion, and creating thousands of jobs. The key achievement of Ahmed Nur Ali Jimale lies in his dual role: driving corporate profitability while simultaneously leveraging technology to address profound societal challenges, making him one of the most influential business leaders in contemporary Somali history.

Early Life & Education: Forging Resilience

Ahmed Nur Ali Jimale was born in 1965, a period of relative stability in Somalia. His formative years were shaped by the values of enterprise and community, which would later define his professional ethos. The details of his early education are rooted in Somalia, but his academic and professional journey was profoundly disrupted by the catastrophic civil war that engulfed the nation in 1991. This period of conflict and instability forced Jimale, like millions of Somalis, into a difficult diaspora. He sought refuge in the United Kingdom, where he faced the immense challenge of rebuilding his life from scratch.

It was in the UK that Ahmed Nur Ali Jimale pursued further education and began to accumulate valuable experience in business and finance. This exile period, though born of tragedy, proved formative. It exposed him to international business practices, technological advancements, and regulatory frameworks far removed from the collapsing state of affairs back home. These experiences equipped him with a unique perspective—a blend of local understanding and global acumen. By the late 1990s, as pockets of stability began to emerge in Somalia, Jimale saw not just a nation in ruins, but a land of immense opportunity. He returned to Somalia with a clear vision: to be part of the solution by building institutions that could foster economic recovery and social cohesion.

Career & Major Achievements: Architect of a Telecom Revolution

The career of Ahmed Nur Ali Jimale is inextricably linked to the rise of Hormuud Telecom. He joined the company in its early stages and ascended to the position of CEO, providing the strategic direction that would catapult it to market dominance. His leadership philosophy centered on aggressive infrastructure investment, customer-centric innovation, and a deep commitment to serving the Somali people.

Transforming Telecommunications

Under Jimale's guidance, Hormuud undertook the herculean task of building a nationwide telecom network from the ground up in a stateless environment. The company laid thousands of kilometers of fiber-optic cable, erected cell towers across regions, and consistently rolled out affordable voice and data services. By the 2010s, Hormuud, under CEO Ahmed Nur Ali Jimale, commanded a dominant market share, connecting millions of Somalis and businesses. This connectivity became the central nervous system of the informal economy, allowing commerce to flow and families to stay connected across borders.

Pioneering Mobile Money with EVC Plus

Perhaps the most transformative achievement was the launch of EVC Plus, Hormuud's mobile money platform. Recognizing that over 70% of the population lacked access to formal banking, Jimale spearheaded this financial technology solution. EVC Plus revolutionized Business & Economics in Somalia by enabling secure, instant digital transactions in a cash-based society. It became the primary platform for sending remittances, paying bills, receiving salaries, and conducting business, effectively becoming the country's de facto banking system and driving unprecedented financial inclusion.

Driving Economic and Social Impact

Jimale's vision extended beyond corporate walls. Hormuud's operations under his leadership have:

  • Created direct and indirect employment for an estimated 60,000+ Somalis.
  • Facilitated critical humanitarian aid transfers through its network.
  • Invested heavily in local talent and management development.
  • Provided essential communication services during droughts and crises, often at no cost.
His ability to navigate complex clan politics, negotiate with local authorities, and ensure service continuity in challenging environments is a testament to his unparalleled managerial and diplomatic skills. For his contributions, Ahmed Nur Ali Jimale has been recognized as a pivotal figure in reports by institutions like the World Bank and the UN, which highlight telecom as a rare success story in Somalia's development.

Personal Life, Philanthropy & Legacy

While Ahmed Nur Ali Jimale maintains a relatively private personal life, his philanthropic and social contributions are publicly impactful. He is known to be a devout Muslim who integrates principles of social responsibility (Zakat) into his business model. His legacy is built on a tangible, nation-scale impact:

Philanthropy: Through Hormuud and personal initiatives, Jimale has supported countless community projects. These include funding for education, healthcare clinics, Ramadan food programs, and disaster relief efforts. The company frequently provides free airtime during emergencies and supports youth and sports initiatives.

Lasting Impact: The legacy of Ahmed Nur Ali Jimale is the demonstration that a resilient, homegrown Somali enterprise can achieve world-class service delivery under the most difficult circumstances. He has shown that the private sector can play the leading role in providing public goods and stabilizing a nation. He has inspired a generation of Somali entrepreneurs and proved that Somalia is a viable market for large-scale investment. His work has laid the foundational infrastructure—both digital and financial—upon which the future Somali state and economy can be securely built.

Net Worth & Business Ventures

While the exact net worth of Ahmed Nur Ali Jimale is not publicly disclosed, it is intrinsically tied to the value and success of Hormuud Telecom. As the CEO and a key shareholder of the country's largest private employer and economic powerhouse, his financial standing is considered substantial within the context of Somali Business & Economics. Hormuud's valuation runs into the hundreds of millions of dollars, controlling a vast majority of the telecom market and the dominant mobile money platform. Beyond Hormuud, Jimale's business interests are believed to be diversified across related sectors in Somalia, including real estate and energy, further consolidating his role as a central figure in the nation's private sector. His wealth, however, is most meaningfully reflected in the economic value and social capital his leadership has generated for Somalia—a legacy far exceeding monetary measure.

In conclusion, Ahmed Nur Ali Jimale embodies the transformative power of visionary leadership in fragile states. As the CEO of Hormuud Telecom, he has masterfully blended business acuity with patriotic duty, using technology as a tool for unity, economic empowerment, and national recovery. His biography is not just a story of corporate success, but a crucial chapter in the modern history of Somalia.

Net Worth Analysis

As CEO of Somalia's largest telecom and financial services company, Hormuud Telecom, and a major figure in the country's economy, his wealth is estimated to be in the low billions, though not listed on international rich lists.

Quick Stats

Category
Business & Economics
Country
Somalia

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