companies

Each year, TIME's renowned annual list shines a spotlight on 100 companies worldwide that are making remarkable strides in their respective fields. Now in its fifth year, this esteemed recognition celebrates businesses innovating, disrupting, and transforming industries. It's an opportunity to reflect on the stories behind these brands and to consider the future paths they may lead us down. Moniepoint Inc Among the standout companies this year is Moniepoint Inc from…

Each year, TIME magazine curates a prestigious list that shines a spotlight on 100 companies from diverse industries around the globe, acknowledging those that are making extraordinarily impactful contributions to their fields. Now in its fifth iteration, this list celebrates not just innovation, but the spirit of resilience and adaptability that defines contemporary business. Moniepoint Inc Among this year’s honorees is Nigeria's own Moniepoint Inc., which earned its place in the Leaders category alongside…

Nigeria is embarking on a significant journey to enhance its air defense capabilities through the Military Total Radar Coverage of Nigeria (MTRACON) initiative. This ambitious project seeks to create a sophisticated, integrated surveillance network that can effectively detect, track, and neutralize aerial threats in real-time. It’s a strategic leap, a vital step toward ensuring national security and safeguarding its airspace. The MTRACON initiative addresses a critical need: the longstanding gaps in Nigeria’s radar…

Workforce Trends Amid Technological Evolution In an ever-evolving work landscape, one cannot help but ponder: what drives companies to downsize their workforce? The reasons for these sweeping reductions can be as varied as the companies making the decisions. However, one underlying factor seems to emerge with striking regularity—cost-cutting measures, increasingly influenced by the dizzying rise of artificial intelligence (AI). A recent World Economic Forum survey revealed that approximately 41% of…

Mogadishu (AX) — In an exciting development for Somalia’s energy sector, the country’s Ambassador to the United States, Dahir Hassan Arab, made a significant announcement on Tuesday. He declared that Somalia is officially open for oil drilling and exploration, extending a formal invitation to U.S. energy companies to reinvigorate their participation in Somalia’s hydrocarbon industry. Expressing his enthusiasm, Ambassador Arab shared on social media platform X, stating, “Proud to announce that Somalia is officially open 4…

According to Simon Harris, Ireland's Tánaiste, it would be a significant escalation for the European Union to target U.S. tech companies in response to President Donald Trump's comprehensive tariffs on European goods. “If you were to get into that space, it would be an extraordinary escalation at a time when we must be working for de-escalation,” he stated during an emergency meeting of EU trade ministers held in Luxembourg. Harris emphasized the need for caution, urging the European Commission to refrain from utilizing the…

Imagine living in a world where certain countries orchestrate the tunes of global commerce. These nations, like conductors, lead with an adept hand, home to the powerful brands that not only dictate consumer trends but also spearhead technological breakthroughs. Their influence extends beyond borders, becoming benchmarks for industrial standards. Is it any wonder we keep a keen eye on their movements? Countries such as the United States, China, France, and several others have become…

In the bustling city of Frankfurt, an intriguing meeting took place between Somali President Hassan Sheikh Mohamud and Christoph Kannengiesser, CEO of Afrika-Verein. The venue? The renowned German-African Investment Conference. Their purpose was clear: forging stronger economic ties and boosting investment between Somalia and Germany. The event was covered extensively by SONNA, Somalia's National News Agency. FRANKFURT, Germany (AX) — In a spirited rallying cry, President Hassan Sheikh Mohamud spoke with great enthusiasm to…

Somali Telecom Firms Shine in Crisis Handling with Cutting-Edge Alert Systems NAIROBI, Kenya - In the evolving sphere of emergency responses, Somalia's telecom industry has emerged as a key player through cutting-edge warning systems. This was underscored at the National Multi-Stakeholder Workshop on the National Emergency Telecommunications Plan (NETP) held in Nairobi, Kenya. From September 23 to 27, a unified initiative brought together Somalia's National Communications Authority (NCA), the International…

Private Corporations Drawn Into the Dispute Between Somalia and Somaliland The ongoing conflict between Somalia and North Western of Somaliahas unexpectedly drawn in private firms, igniting serious consequences. Authorities have explicitly stated that any information released by these companies must indicate that North Western of Somaliais still a part of Somalia. Otherwise, they may face punitive measures. According to reports from the East African, Somalia's Ministry of Commerce and Industry (MoCI) invoked the nation’s…