In a groundbreaking development, the International Energy Agency (IEA) announced on Thursday that investment in clean energy is set to outpace spending on fossil fuels this year, marking a significant turning point in the global energy landscape. The IEA's World Energy Investment report revealed that annual investment in renewable energy has surged by nearly a quarter since 2021, compared to a 15% rise for fossil fuels. This shift is driven by the remarkable growth of solar projects, which are expected to surpass investments in oil production for the first time.
The Somalia Investor Magazine
Somalia Expels Two European Union Workers
The Tragic Cycle of Remittances: A Story of Somalia’s Diaspora
Abdulhakim Muse Omar The year was 1991, and Somaliaʹs civil war, which has ravaged the country for decades, has left millions of people displaced and…
Somalia Expels Two European Union Workers
The Tragic Cycle of Remittances: A Story of Somalia’s Diaspora
Abdulhakim Muse Omar The year was 1991, and Somaliaʹs civil war, which has ravaged the country for decades, has left millions of people displaced and…
Central Bank of Somalia Priorities
Angry Birds: Sega agrees to buy video game maker Rovio
The maker of Angry Birds video games has agreed to be bought by the Japanese gaming giant behind the Sonic the Hedgehog character.
Central Bank of Somalia Priorities
Netflix to Expand Operations In Africa After Hit Series
The Rise and Rise of Somalia’s E-Commerce Platforms
Somalia and African Union agree on drawdown of ATMIS troops
In a summit held on April 27th, 2023, the Heads of State and Governments of Troop Contributing Countries (TCCs) to the African Union Transition Mission in Somalia (ATMIS) and the Federal Republic of Somalia agreed on the drawdown of troops in Somalia.
US deploying disaster-response team for Sudan
Burundi’s Foreign Affairs Minister Visits Mogadishu
Michael Nithavrianakis Appointed UK Ambassador to Somalia
Unlocking Finance for Smallholder Farmers in Africa’s Food System
A three-day African Regional Exchange was held recently, bringing together farmers, bankers, governments, and development partners from across Africa and beyond to discuss ways to provide smallholder farmers with the finance they need to improve and scale up the sustainable forest and farm management practices. The event, organized by the Forest and Farm Facility, aimed to share experiences and lessons on how to overcome the challenges of getting finance to smallholder producers living in remote areas and experiencing some of the worst effects of climate change.
How Russia’s Invasion of Ukraine Impacted the Black Sea Grain Deal and What That Means for Somalia, Kenya, and Ethiopia
Inside Riyan Organic
Bumper harvest cuts dependency on humanitarian aid
Anxiety as foreign fishing vessels dive into local waters
Clean Energy Investment Overtakes Fossil Fuels, Says IEA
In a groundbreaking development, the International Energy Agency (IEA) announced on Thursday that investment in clean energy is set to outpace spending on fossil fuels this year, marking a significant turning point in the global energy landscape. The IEA's World Energy Investment report revealed that annual investment in renewable energy has surged by nearly a quarter since 2021, compared to a 15% rise for fossil fuels. This shift is driven by the remarkable growth of solar projects, which are expected to surpass investments in oil production for the first time.
Powering Somalia
Industry Profile: Interview with Eng. Ali A. Farah
Corporate Profile: Interview with Zahra Al-Ali
Somalia and African Union agree on drawdown of ATMIS troops
In a summit held on April 27th, 2023, the Heads of State and Governments of Troop Contributing Countries (TCCs) to the African Union Transition Mission in Somalia (ATMIS) and the Federal Republic of Somalia agreed on the drawdown of troops in Somalia.
Families of Somalia AU mission casualties paid $200m
Suspected jihadists kill 10 Niger soldiers: Ministry
US warns citizens over terror threats in Kenya
Surviving Political Uncertainty; a CEO’s Dilemma
AfDB and Smart Africa Launch $1.5M Digital Trade and e-Commerce Project
The African Development Fund and Smart Africa Alliance have collaborated to launch the Institutional Support for Digital Payments and e-Commerce Policies for Cross-Border Trade Project (IDECT). The $1.5 million project aims to streamline digital trade and e-commerce policies across 10 African countries, namely Côte d'Ivoire, Benin, Ghana, Liberia, Uganda, South Sudan, Zimbabwe, the Republic of Congo, São Tomé and PrÃncipe, and the Democratic Republic of Congo.
EAC Comments on Somalia and Plans for the Bloc
Somalia: Gulftainer announces new container service to Berbera
Gulftainer, one of the world's leading privately-owned independent port operators, has announced the arrival of a new container service at its Sharjah(United Arab Emirates-UAE) Container Terminal that will service Berbera. The new service, named SHASOM, will offer customers a reliable and efficient option to transport their goods between the two locations.