AGP Executive Report
Last update: 10 hours agoRed Sea trade shock: Somalia’s President Hassan Sheikh Mohamud told the UNGA that Strait of Hormuz disruptions cut customs-based domestic revenue by about 40%, while also pushing up food, fuel, transport costs and insurance premiums. Port and logistics pressure: Berbera is operating at only 30% capacity, while Ethiopia still routes 96.7% of seaborne trade through Djibouti—highlighting how hard it is to diversify corridors. EU-Somalia business push: Somalia and the EU announced an inaugural EU-Somalia Business Forum for 5–6 October, aiming to unlock trade and investment partnerships. Maritime security: Puntland forces freed the Sibu 1 tanker after a counter-piracy operation; separately, four crew remain missing after a boat capsized off Lamu with six rescued. Finance and illicit flows: A report alleges foreign-owned spaza shops in South Africa moved about R6.3bn via unregistered SIMs and informal networks, with funds linked to terror financing across the region including Somalia. Climate risk: FAO warns El Niño funding is short, with Somalia already facing severe hunger and displacement. Justice: A Somali military court sentenced a former soldier to death for killing a civilian in Garasbaaley.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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