AGP Executive Report
Last update: 3 hours agoFuel Corridor Deal: Ethiopia and Djibouti, backed by Aliko Dangote’s investment, moved a step closer to energy self-reliance with a $660m refined-products pipeline plan: a 120-km multiproduct line linking Damerjog (Djibouti) to Dewele (Ethiopia), supported by large storage terminals, aimed at cutting logistics costs and boosting supply reliability. Jobs & Local Business: Dangote said the Damerjog terminal and pipeline project—part of a wider African fuel network—will create construction jobs and new opportunities for contractors, transport operators and service providers along the corridor. Regional Finance: Afreximbank’s George Elombi said the bank is ready to finance major Djibouti–Ethiopia infrastructure, highlighting the role of multilateral funding in turning corridor projects into bankable realities. Food Security Pressure: IGAD warned that 40.3m people across six member states face acute food insecurity in 2026, with Djibouti among the countries where conditions have worsened. Tigray Conflict Risk: Fighting in Ethiopia’s Tigray escalated into “full-blown war,” raising concerns about spillover across the Horn and wider regional instability that can disrupt trade routes. Yemen Refugee Strain: As Yemen’s war drives displacement, Djibouti continues to receive new arrivals, with aid agencies describing the situation as overwhelmed.
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