AGP Executive Report
Last update: a day agoAfreximbank Financing for Djibouti: Afreximbank says it will fund the second phase of the Damerjog jetty and pipeline push (about US$130m) plus a US$150m package to upgrade Djibouti’s industrial roads, building on a US$200m first phase. Ethiopia–Djibouti Fuel Pipeline Deal: Ethiopia, Djibouti and Dangote back a $660m refined-products pipeline linking Damerjog to Dewele (120km) with major storage capacity, aimed at cutting fuel logistics delays and boosting energy security. Red Sea Risk Hits Costs: War-risk insurance for Saudi-linked tankers through the Red Sea has jumped, with premiums rising sharply after Bab el-Mandeb attacks—raising the stakes for Ethiopia’s Djibouti corridor. Ethiopia Conflict Spreads: Fighting between federal forces and the TPLF intensifies across Afar and Amhara; government forces claim Alamata, while accusations of Eritrea and Sudan backing rebels grow. Djibouti Refugee Strain: Djibouti urges international support as thousands of Yemenis flee renewed Red Sea-linked violence, warning local services are being overwhelmed. EU Red Sea Security Pressure: EU foreign policy chief Kaja Kallas calls for more warships for the Aspides mission as threats near Bab el-Mandeb rise.
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