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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.

opinion

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…

banking
tech
diplomacy
agriculture

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…

Inside Riyan Organic Inside Riyan Organic

energy

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 Powering Somalia

politics & Security
trade

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.

transport

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.

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