AGP Executive Report
Last update: 10 hours agoOil & Gas Corridor Deal: Ethiopia and Djibouti, backed by Aliko Dangote, have unveiled a $660m Damarjog–Dewele refined fuel pipeline and terminal project. The 120-km multiproduct line will link Damerjog port storage in Djibouti to Dewele distribution in Ethiopia, with major tanks at both ends and an 18-month path to operations—aimed at cutting fuel logistics delays, boosting energy security, and strengthening the Ethiopia–Djibouti trade corridor. Regional Industry & Jobs: Leaders say the project will expand port activity, attract investment, and create construction and local business opportunities across transport, aviation, agriculture, and construction. Food Security Pressure: IGAD warns acute food insecurity is hitting 40.3m people across six member states, with Djibouti among the hardest affected, as conflict, climate shocks, and funding gaps deepen hunger. Humanitarian Strain at Djibouti: Yemen’s renewed fighting has displaced 130,000+ people since early September, with thousands arriving in Djibouti and aid capacity described as overwhelmed.
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