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Somali Core Economic Institutions and Opportunities Program (SCORE)

  • Somalia’s Businesses Tap Solar Energy to Expand, Boosting Economic Growth

    Somalia is facing a third wave of the COVID-19 pandemic that has disrupted businesses and the country’s economic outlook. A recent World Bank Group and United Nations Industrial Development Organization (UNIDO) survey noted the pandemic’s significant impact on Somalia’s private sector narrowing sales and employment by about 30% and leaving most firms with liquidity challenges. Yet, Mohamed Abukar Adaawe can still run his business round the clock. It is a stark departure from what he did in the past when unreliable power supply meant his business was punching below its capacity. Even at its best, the power supply at the time only allowed him the very basic operations.

    Date: May 6, 2021Type: Feature StoryLanguage: English