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.
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Somalia is reeling from the devastating impact of flash floods caused by heavy rainfall. These catastrophic floods have not only claimed the lives of 22 people but have also left the most vulnerable section of the population—the children—at increased risk of malnutrition and disease outbreaks. Save the Children, a prominent global charity has sounded the alarm on the dire situation unfolding in the country.
In the latest development concerning the fight against al-Shabab, the United States carried out an airstrike targeting the notorious militant group. The intended target was revealed to be none other than Moallim Osman, the head of al-Shabab's external operations. While reports suggest that he survived the attack, this event has significant implications for Somalia's ongoing struggle against terrorism.
The World Bank has made the decision to suspend funding for humanitarian and development projects in the Democratic Republic of Congo (DR Congo), valued at over $1 billion. The suspension comes in response to the sudden dissolution of the project fund by the Congolese government, catching the lender off guard. The move will have a significant impact on more than 600,000 beneficiaries, including victims of sexual violence, according to a letter sent by the World Bank to Congo's finance minister.
In a significant victory against terrorism, Somali security forces successfully intercepted and seized two military shipments containing explosives that belonged to the notorious al-Shabab militants at the bustling port of Mogadishu.
The Somali government has expelled two European Union employees accused of illegally taking photos of prisoners at a detention center.
Floods caused by the annual rains have left “a trail of destruction” across Somalia, a United Nations spokesman said, citing inundated homes and farmland as well as the shutdown of health facilities.
In a significant development for Somalia and Kenya, the long-awaited reopening of the border between the two nations has been officially announced. The decision, which comes after extensive consultations between high-level officials, signifies a major milestone in regional cooperation. The reopening of border points in Mandera, Lamu, and Garissa marks the end of a 12-year closure that began during Kenya's Operation Linda Nchi, aimed at combatting the influx of Al-Shabaab militants.
The International Monetary Fund (IMF) and Senegalese authorities have reached a staff-level agreement on economic and financial policies, paving the way for a new financing arrangement. The agreement includes a 36-month Extended Fund Facility (EFF) and Extended Credit Facility (ECF) with access to approximately US$1.526 billion. Additionally, Senegal will receive support from the Resilience and Sustainability Facility (RSF) amounting to around US$327.1 million. The agreement is subject to approval by IMF Management and consideration by the Executive Board, scheduled for mid-June 2023.
The United Nations Human Rights Council(UNHRC) wrapped up its thirty-sixth special session on Thursday, May 11, with a significant decision concerning the ongoing conflict in Sudan. A resolution was adopted, expanding the mandate of the designated Expert of the High Commissioner on human rights in Sudan. The resolution called for detailed monitoring, documentation, and reporting on all allegations of human rights violations and abuses since October 25, 2021, including those directly linked to the current conflict.