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Somalia
As Africa’s role in the global economy continues to garner prominence, it’s imperative for the continent to seal the gaping hole in its power supply.
Lack of universal power access remains a major roadblock that has retrogressed industrialization and socio-economic development. Statistics from the World Bank indicate that Africa remains the least electrified region in the world, with 568 million people lacking access to electricity.
The Bretton Woods institution, further notes that the Sub-Saharan Africa’s share of the global population without electricity, jumped to 77 per cent in 2020 from 71 per cent in 2018, whilst most regions saw declines in their share of access deficits. It has become a Hobson’s choice for African governments to prioritize the power sector, which is the epicenter of industrialization, working towards Goal 7 of the UN SDGs; which advocates for universal access to affordable, reliable and modern electricity services.
Currently, Africa’s power is …
The January 9 agreement comes after election delays following the feud between President Mohamed Abdullahi Mohamed Farmajo and Prime Minister, Mohamed Hussein Roble.
The delays have threatened the stability of the Horn of Africa’s country.
The agreement was reached after several days of talks hosted by the Prime Minister with other state leaders to resolve the country’s political crisis.
Roble issued a declaration that the consultative meeting had agreed on the final day of the parliamentary election as February 25.…
- Tech hub startups are among the businesses growing immensely in Somalia
- There has also been an increasing number of potential businesses coming up in Somalia, brought about by the increased growing economy
Investment opportunities in Somalia are on the rise, driven by increasing diaspora remittances.
This is according to various experts among them Silicon Horn co-founder Awil Osman who emphasized the need of using remittances to grow the startup ecosystem in the country.
“Tech hub startups are among the businesses growing immensely in Somalia. There are now more than 15 of them. The startup ecosystem is rapidly going regional,” Osman said.
Commenting on the same, Pangea Trust Managing Director Anne Lawi said that there has been an increasing number of potential businesses coming up in Somalia, brought about by the increased growing economy.
“We see the potential to increase the share of remittances set aside as investments to 25 per …
