Abstract
This chapter charts the development of the Somali digital financial and telecommunication industries, of which mobile money is the most visible manifestation. With its rapid and surprising development, this sector has provided a de facto financial infrastructure for the circulation of capital and commodities-as well as the physical infrastructure for telecommunication-across the many borders of the greater Somali economic space. Due to their size, strategic importance, and political versatility, these conglomerates are key actors in the politics of circulation. While there are cases of direct support to state making (in Somaliland), financial and telecommunication firms have been averse to taxation and regulation, and have managed to keep international competitors out of Somali territories.
Original language | English |
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Title of host publication | Trade Makes States |
Subtitle of host publication | Governing the Greater Somali Economy |
Publisher | Oxford University Press |
Pages | 57-76 |
Number of pages | 20 |
ISBN (Electronic) | 9780197756379 |
ISBN (Print) | 9781787387058 |
DOIs | |
Publication status | Published - 28 Sept 2023 |
Externally published | Yes |
Keywords
- Digital finance
- Mobile money
- Politics of circulation
- Somalia
- Somaliland
- State making
- Tele-communication
ASJC Scopus subject areas
- General Economics,Econometrics and Finance
- General Business,Management and Accounting