AGP Executive Report
Last update: a few seconds agoPorts and Trade: Somalia’s parliamentary speaker toured Djibouti’s PK23 Free Zone and Doraleh terminals, with talks focused on port management, logistics and smoother cross-border trade. French Base Deal: Djibouti has taken back 40% of France’s Heron Island facilities under a renewed defence agreement, which raises France’s annual payment from €30 million to €85 million. Energy Corridor: PetroChina is exploring a 1,550-kilometre oil route from South Sudan through Ethiopia to Djibouti, alongside a proposed storage depot and possible refinery at Damerjog. The plan could strengthen Djibouti’s role as an energy gateway, but remains under discussion. Shipping Links: Emirates Shipping is splitting its India–Red Sea network into two services, including a route calling at Djibouti. Industrial Growth: An ECA-Djibouti study says AfCFTA could help diversify and expand the country’s industry, while a 2.2% budget cut after a revenue shortfall may constrain public spending.
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