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
Fertilizer Ban in Somalia
Agriculture is the foundation of Somalia’s economy and culture, providing livelihoods for over 70% of the population. The sector faces significant challenges but also harbours…
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
Fertilizer Ban in Somalia
Agriculture is the foundation of Somalia’s economy and culture, providing livelihoods for over 70% of the population. The sector faces significant challenges but also harbours…
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
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.
Tanzania’s coal exports rise seven-fold to hit $224m
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 Príncipe, 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.