AGP Executive Report
Last update: 3 hours agoUrban Growth: Mogadishu is projected to join sub-Saharan Africa’s 15 largest cities by 2050, raising pressure to expand infrastructure and create jobs as the World Bank warns fast-growing African cities risk falling short on both. Investment and Blue Economy: Somalia promoted investment opportunities at a Qatar forum and urged local investors to develop marine and agricultural resources; Türkiye plans to send a research vessel to support Somalia’s blue economy. Digital Business: Telecom entrepreneur Ahmed Mohamed Yusuf’s company now serves four million Somalis and is expanding its data centres and 5G network. Somalia has also approved a legal framework for digital transactions. Public Finances: The World Bank has flagged gaps in Somalia’s revenue collection and spending, while proposed fiscal reforms could boost revenue, jobs and essential services. Costs and Trade: Three Somali electricity companies raised tariffs by five cents amid higher fuel costs. Somalia has pledged support for Ugandan businesses as the two countries seek to deepen trade ties.
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