BII invests $20m in hardest-to-reach Africa energy access expansion initiative

UK development finance institution British International Investment (BII) has committed $20-million to impact investment organisation Acumen’s Hardest-to-Reach (H2R) Initiative to help expand access to affordable, reliable and clean energy in...

Somalia’s Investment Renaissance: A Call for Global and Turkish Investors to Tap into a Resource-Rich Nation

In the heart of East Africa lies Somalia, a country poised for economic transformation, brimming with untapped potential and abundant resources. At the forefront of this transformation is Mohamed Dubo, the Director of the Somalia Investment...

EU funding moves: recovery cash and external energy push

126The European Commission has disbursed €3.07 billion to Austria, Croatia and Belgium under the Recovery and Resilience Facility (RRF), the central pillar of the EU’s post-pandemic NextGenerationEU programme. In a separate announcement, the...

EU announces $638m to support Africa’s clean energy transition

The European Union (EU) has announced a €545m ($638m) package for Africa to support electrification, modernise power grids, expand access to renewable energy,and accelerate the continent’s clean-energy transition. The funding will back projects in...

Horn of Africa Alert: Is Pakistan's Naval 'Support' For Somalia Just Political Theatre?

Somalia’s new naval MoU with Pakistan raises questions as Islamabad’s fleet struggles with readiness, maintenance, and foreign dependency. Experts warn the deal may be symbolic, leaving Somali sailors reliant on inconsistent support.New Delhi: On...

Four Kenyan companies eye Somalia’s new stockmarket

Somalia’s newly-launched National Securities Exchange (NSES) has opened talks with four Kenyan companies interested in cross-listing on the Mogadishu-based stockmarket. This came as reports indicated that the stockmarket has been bolstered by $2...

Egypt, Somalia discuss military cooperation, backing African stability

Egyptian Defense Minister Abdul Majeed Saqr and his Somali counterpart, Ahmed Moalim Fiqi, discussed ways to strengthen military cooperation and support stability across Africa during a meeting in Cairo on Monday, Anadolu reports. The ministers...

Kindiki says Kenya Kwanza will end historical marginalization in North Eastern

Speaking at Water Grounds in Garissa County during an empowerment event, the Deputy President noted that the Garissa passport office, closed since 2019 and officially launched by President William Ruto in May and ongoing reforms in issuance of IDs...

Egypt, Somalia Discuss Strengthening Military Co-op

Mon 29 Sep 2025 | 10:37 AM General Abdel Majeed Saqr, Commander-in-Chief of the Armed Forces and Minister of Defense and Military Production, met with Somali Minister of Defense Ahmed Moalim Fiqi and his accompanying delegation. The meeting...

European Commission pledges €545m to boost renewable energy in Africa

European Commission President Ursula von der Leyen unveiled a €545 million Team Europe package to accelerate Africa's clean energy transition. This announcement, made at the Global Citizen Festival, is an important milestone in the ‘Scaling Up...

Somalia Won’t Host Proxy War Between Egypt and Ethiopia, Says President

Somalia Won’t Host Proxy War Between Egypt and Ethiopia, Says President MOGADISHU, Somalia - Somalia will not be a host to proxy wars between Ethiopia and Egypt, President Hassan Sheikh Mohamud has said, while affirming that the two countries will...

Deadlock over Somalia mission's $180m funding gap

AU Commission Chairperson Mahmoud Ali Youssouf and UN Secretary General Antonio Guterres during a High-Level Event on Financing AUSSOM on the sidelines of UNGA80 on September 25, 2025 The stalemate over financing the African Union’s mission in...

European Commission launches €545m Initiative to Accelerate Africa’s clean energy transition

European Commission President Ursula von der Leyen has announced a €545-million Team Europe package to support Africa's transition to clean energy. The announcement was made by means of a video message at the Global Citizen Festival in the context...

Somalia’s new bourse eyes $2bln diaspora funds, IPOs in 2026

Somalia’s newly launched National Securities Exchange (NSES) is preparing to open to public investment, with plans to sell up to 20 percent of its shares and debut listings from the telecommunications and energy sectors within the next few months....

EU launches €545m initiative to boost clean energy in Africa

BY SAM OTUONYE The European Union (EU) has unveiled a €545 million package to scale up renewable investments in Africa. This announcement was made at the Global Citizen Festival via video message in the context of the United Nations General...

Somalia says no to Egypt-Ethiopia peacekeeper clash on its soil

Published on 24/09/2025 - 14:19 GMT+2 •Updated 14:38 Somalia's President Hassan Sheikh Mohamud has said there is no possibility of Egyptian and Ethiopian peacekeepers clashing in his country, amid a bitter rivalry between the two regional...

Somalia hails Türkiye’s transformative role in strengthening ties

Somali ministers and the governor of Mogadishu praised the deepening friendship with Türkiye and Ankara’s enduring support. Speaking to Anadolu Agency (AA), Somalia's Information, Culture and Tourism Minister Daud Aweis Jama said Turkish...

Nigeria’s Oil Rigs Rise By 762% To 69 In Four Years — NUPRC

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has said that oil rig count in the country rose from eight in 2021 to 69 as of October 2, 2025, representing a 762.5% increase in barely four years. A statement by the Commission on...

Somalia’s war with hidden bombs moves from roads to strategy

In April 2022, Mogadishu-based evaluator Abdi Ali was assigned to Jowhar, capital of Hirshabelle State, to assess a solar energy company. Though just 90 km from Mogadishu, Ali chose to fly. Like many professionals, he feared landmines and roadside...

EU Launches €545 Million Package to Boost Renewable Energy in Africa

The European Union has announced a €545 million ($638 million) investment package aimed at expanding renewable energy projects across Africa, with a focus on electrification, modernized power grids, and affordable clean energy access. According to...