Somaliland’s Economic Future

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A high-level discussion on economic form involving and exploring diversification of economic systems and their impact on society input and individuals. This was held on 14th -15th October 2023, at Ambassador hotel, Hargeisa Somaliland.

Since electrical energy has a profound impact on various economic sectors and plays avital role in powering modern societies. One of the import parts of keynote speech of the president of Somaliland HE Muse Bihi Abdi was Exploring economic diversification is a challenging task for governments, but it is a necessary endeavor if we are to secure sustainable growth and prosperity for our people.
In this article, we will explore the profound impact of electrical energy on farming, livestock, fishing, industrial sector, environmental impact and beyond.

In Farming Electrical energy has revolutionized the agricultural sector in numerous ways. The introduction of electric-powered machinery such as tractors, combines, and irrigation systems has significantly increased productivity and efficiency on farms.

In livestock electrical energy is vital for various aspects of livestock production and meet processing. It supports animal welfare, enhances productivity, ensures product quality and safety, facilitates efficient feed production, and enables the preservation and distribution of livestock products. Reliable and affordable electrical energy is essential for the sustainable growth and competitiveness of the livestock industry.

In Fishing industry, it has also benefited from the adoption of electrical energy. Electric-powered vessels equipped with advanced navigation systems and fish-finding technology have revolutionized the efficiency of commercial fishing. Furthermore, onboard refrigeration systems powered by electricity have improved the preservation of caught seafood, ensuring freshness and extending shelf life.
An Industrial Sectors, Electrical energy has had a profound impact on various industrial sectors, enabling increased production, automation, and improved safety standards. Industrial processes such as manufacturing, mining, and construction heavily rely on electrical power to operate machinery, tools, and equipment. Electrical energy has facilitated the implementation of advanced safety measures, such as automated systems for monitoring and controlling hazardous environments.

On other Sectors beyond farming, fishing, and industrial sectors, electrical energy has influenced a wide range of other industries. In the transportation sector, the adoption of electric vehicles (EVs) has gained momentum, reducing reliance on fossil fuels and mitigating greenhouse gas emissions. Additionally, the healthcare sector benefits from electrical energy through advanced medical equipment, such as MRI machines, X-ray scanners, and life-support systems, improving diagnostics and patient care.
On Environmental Impact, the impact of electrical energy extends beyond individual sectors to the environment as a whole. The transition to renewable energy sources, such as solar and wind power, for electricity generation has significantly reduced greenhouse gas emissions and air pollution associated with traditional fossil fuel-based energy. This shift towards clean energy has the potential to mitigate climate change and promote a more sustainable future.

Moreover, electrical energy has transformed farming, fishing, industrial sectors, and numerous other industries in remarkable ways. From increased productivity and efficiency to reduced environmental impact, the adoption of electrical power has paved the way for innovation and progress. As technology continues to advance, the integration of electrical energy will play an even more significant role in shaping a sustainable and prosperous future for these sectors and society as a whole.

Finally, the Minister of Finance Development Mr. Sa’ad Ali Shire, emphasized the crucial role of Electrical Energy as a fundamental catalyst and multiplier of the economy, with the potential to drive significant growth and resilience. To achieve this, it is essential to foster a coordinated approach among the government, banking sector, insurance industry, corridor development, energy and human capital development. By doing so, it is possible to enhance economic resilience, attract investments, stimulate growth, diversify revenue sources, and ultimately establish a more robust and sustainable economy.

Eng. Ahmed Adare
Somaliland Energy Commission

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