AGP Executive Report
Last update: 8 hours agoDrought and Livelihoods: More than 13 million people in Ethiopia, Kenya and Somalia face severe hunger after three failed rainy seasons, the World Food Programme warns. Crop failures and livestock deaths are eroding household incomes and disrupting local food supplies. Investment: The EU-Somalia Business Forum in Mogadishu brought Somali officials, European investors and companies together to discuss opportunities and barriers to investment; Italy’s delegation included trade and development agencies and private-sector representatives. Trade: Somalia and Algeria are exploring a bilateral business council to connect companies, promote Algerian exports and expand trade, but no timeline or agreements have been announced. Financial Compliance: Somalia has ordered financial institutions and other covered entities to freeze assets and report transactions linked to 10 people accused of supporting Al-Shabaab financing.
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