AGP Executive Report
Last update: 10 hours agoOffshore Energy: Turkey’s TPAO is drilling the Curad-1 well about 372 km northeast of Mogadishu, targeting 7,500 metres in Somalia’s first offshore wildcat in decades. Even a major discovery would take years to produce, while contract terms and weak resource laws fuel concerns over how gains would be managed. Agriculture & Livestock: FAO and IGAD warn that El Niño-driven rain and flooding could raise Rift Valley fever risks; Somalia is among the countries facing the highest threat, prompting calls for stronger surveillance and preparedness. Digital Infrastructure: Hormuud Telecom now serves about four million customers and has built fibre and 5G networks, backed by more than 18,000 Somali shareholders. Power Costs: Three electricity companies have raised tariffs by five cents amid rising fuel costs, adding pressure on businesses and households. Shipping: The five-month hijacking of the Honour 25, which left five crew members dead, underscores the risks piracy poses to Somali trade and maritime supply routes.
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