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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
banking
tech
diplomacy
agriculture

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.

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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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